LMR Partners LLP Grows Holdings in monday.com Ltd. (NASDAQ:MNDY)

LMR Partners LLP grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,912 shares of the company's stock after acquiring an additional 5,912 shares during the period. LMR Partners LLP owned 0.12% of monday.com worth $15,531,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in monday.com in the third quarter worth approximately $43,000. Ridgewood Investments LLC bought a new position in shares of monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC increased its stake 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 period. Opal Wealth Advisors LLC bought a new stake in shares of monday.com in the second quarter valued at about $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its stake in monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after acquiring an additional 356 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

MNDY traded down $7.46 during trading on Monday, reaching $255.43. 472,336 shares of the company's stock were exchanged, compared to its average volume of 723,099. monday.com Ltd. has a 1 year low of $168.28 and a 1 year high of $324.99. The company's fifty day simple moving average is $280.53 and its 200-day simple moving average is $248.96. The stock has a market capitalization of $12.33 billion, a P/E ratio of 636.93, a price-to-earnings-growth ratio of 12.26 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm 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 firm's revenue was up 49.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Equities analysts forecast that monday.com Ltd. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. DA Davidson reissued a "neutral" rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Tigress Financial boosted their price target on monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Bank of America raised their price objective on monday.com from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Barclays boosted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and an average price target of $310.10.

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.