30,000 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 30,000 shares of the company's stock, valued at approximately $7,063,000. Ilmarinen Mutual Pension Insurance Co owned about 0.06% of monday.com at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of monday.com during the fourth quarter worth approximately $116,686,000. SG Americas Securities LLC increased its stake in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after acquiring an additional 434,035 shares during the period. CIBC Private Wealth Group LLC raised its holdings in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after acquiring an additional 403,255 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of monday.com during the 4th quarter valued at $27,010,000. Finally, Jennison Associates LLC increased its position in shares of monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after purchasing an additional 100,333 shares during the period. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MNDY has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Needham & Company LLC boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 10th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a report on Tuesday, February 11th. William Blair reissued an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $352.64.

monday.com Trading Down 2.8 %

NASDAQ MNDY traded down $6.93 during trading hours on Friday, hitting $236.72. 390,508 shares of the company's stock were exchanged, compared to its average volume of 805,194. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The stock has a 50-day simple moving average of $270.63 and a 200 day simple moving average of $268.18. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 392.05, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.