Lbp Am Sa Makes New $1.55 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

LBP AM SA purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,579 shares of the company's stock, valued at approximately $1,549,000.

Several other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of monday.com during the third quarter valued at approximately $1,001,000. Principal Financial Group Inc. increased its stake in shares of monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock valued at $14,807,000 after acquiring an additional 14,059 shares during the period. Entropy Technologies LP acquired a new position in shares of monday.com during the third quarter valued at approximately $349,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of monday.com by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,691 shares of the company's stock valued at $18,525,000 after acquiring an additional 2,085 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of monday.com by 6.1% during the third quarter. CIBC Asset Management Inc now owns 3,512 shares of the company's stock valued at $976,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

Analysts Set New Price Targets

MNDY has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their target price on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Canaccord Genuity Group raised their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, William Blair reiterated an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $354.45.

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monday.com Trading Up 0.7 %

monday.com stock traded up $1.88 on Thursday, reaching $264.56. 381,193 shares of the stock were exchanged, compared to its average volume of 766,989. The stock has a market cap of $12.77 billion, a PE ratio of 440.93, a PEG ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a fifty day moving average price of $267.89 and a two-hundred day moving average price of $269.54.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 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%. Equities analysts anticipate that monday.com Ltd. will post 0.46 EPS 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.