LPL Financial LLC Buys 1,605 Shares of monday.com Ltd. (NASDAQ:MNDY)

LPL Financial LLC raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,405 shares of the company's stock after acquiring an additional 1,605 shares during the period. LPL Financial LLC's holdings in monday.com were worth $4,098,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of monday.com in the fourth quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com in the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC boosted its stake 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 buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings 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 period. Institutional investors own 73.70% of the company's stock.

monday.com Trading Up 1.9 %

Shares of NASDAQ:MNDY traded up $4.58 during mid-day trading on Tuesday, reaching $250.38. The stock had a trading volume of 145,138 shares, compared to its average volume of 804,820. The firm has a 50 day simple moving average of $270.09 and a two-hundred day simple moving average of $267.69. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market cap of $12.71 billion, a PE ratio of 417.30, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

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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 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 analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group increased their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Loop Capital cut their target price on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Cantor Fitzgerald increased their price target on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Robert W. Baird raised their price target on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Finally, Piper Sandler boosted their price objective on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus target price of $349.91.

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.