Left Brain Wealth Management LLC Takes $372,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Left Brain Wealth Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,580 shares of the company's stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MNDY. Oppenheimer & Co. Inc. increased its holdings in monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. Jennison Associates LLC lifted its position in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after purchasing an additional 318,837 shares during the period. SBI Securities Co. Ltd. acquired a new stake in monday.com in the fourth quarter worth approximately $245,000. Plato Investment Management Ltd acquired a new stake in monday.com in the third quarter worth approximately $673,000. Finally, Principal Financial Group Inc. lifted its position in monday.com by 35.8% in the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after purchasing an additional 14,059 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

MNDY stock traded down $8.50 during trading on Tuesday, reaching $257.23. 809,610 shares of the company were exchanged, compared to its average volume of 766,141. The company has a 50-day moving average of $266.54 and a two-hundred day moving average of $269.65. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 428.72, a P/E/G 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.

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monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Ratings Changes

MNDY has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Canaccord Genuity Group upped their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. William Blair reiterated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Needham & Company LLC upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and an average target price of $354.45.

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.