Janney Montgomery Scott LLC Takes $1 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Janney Montgomery Scott LLC bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,605 shares of the company's stock, valued at approximately $1,001,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com during the third quarter valued at approximately $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after buying an additional 102 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com in the 2nd quarter valued at about $69,000. Finally, Industrial Alliance Investment Management Inc. grew its position in shares of monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after buying an additional 356 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

monday.com stock traded down $6.01 during trading on Friday, reaching $262.89. The company had a trading volume of 855,574 shares, compared to its average volume of 724,225. The firm has a market capitalization of $12.69 billion, a PE ratio of 641.20, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31. The firm's 50-day simple moving average is $280.53 and its 200 day simple moving average is $248.14. monday.com Ltd. has a 1-year low of $166.86 and a 1-year high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company's quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MNDY shares. Citigroup raised their target price on shares of monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. TD Cowen upped their target price on monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Canaccord Genuity Group upped their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday. Needham & Company LLC lifted their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Barclays upped their price target on shares of monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.10.

monday.com Company Profile

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.