KP Management LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,500 shares of the company's stock after acquiring an additional 5,000 shares during the period. KP Management LLC's holdings in monday.com were worth $3,885,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of MNDY. FMR LLC boosted its position in monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Norges Bank acquired a new position in shares of monday.com during the 4th quarter worth $116,686,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of monday.com in the 4th quarter worth about $109,605,000. SG Americas Securities LLC grew its stake in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after acquiring an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in monday.com by 264.1% during 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. Hedge funds and other institutional investors own 73.70% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on MNDY. Tigress Financial lifted their price objective on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company decreased their price objective on monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group decreased their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Piper Sandler cut their price objective on shares of monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $343.09.
Read Our Latest Stock Report on monday.com
monday.com Trading Up 3.1 %
Shares of monday.com stock opened at $274.00 on Friday. The company has a fifty day moving average price of $259.55 and a 200 day moving average price of $266.15. monday.com Ltd. has a twelve month low of $179.02 and a twelve month high of $342.64. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 456.67, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.
monday.com Company Profile
(
Free Report)
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.
See Also
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