KLP Kapitalforvaltning AS Buys New Position in monday.com Ltd. (NASDAQ:MNDY)

KLP Kapitalforvaltning AS bought a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,350 shares of the company's stock, valued at approximately $2,672,000.

Several other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in monday.com in the 4th quarter valued at approximately $33,000. Signaturefd LLC increased its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. William Blair restated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Tigress Financial upped their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Piper Sandler raised their price objective on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. DA Davidson raised monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price objective on the stock in a research note on Monday, March 17th. Finally, Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and decreased their target price for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $354.45.

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monday.com Trading Down 3.4 %

monday.com stock traded down $8.67 during midday trading on Friday, reaching $247.01. The stock had a trading volume of 618,292 shares, compared to its average volume of 790,733. The company has a fifty day moving average price of $272.99 and a two-hundred day moving average price of $270.44. The company has a market capitalization of $12.54 billion, a P/E ratio of 411.68, a PEG ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.

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

monday.com 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.