Daiwa Securities Group Inc. Acquires 2,190 Shares of monday.com Ltd. (NASDAQ:MNDY)

Daiwa Securities Group Inc. lifted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 72.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,201 shares of the company's stock after buying an additional 2,190 shares during the quarter. Daiwa Securities Group Inc.'s holdings in monday.com were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in monday.com during the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com during the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in shares of monday.com during the fourth quarter worth approximately $33,000. Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in monday.com by 372.7% during the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company's stock worth $37,000 after acquiring an additional 123 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. William Blair reissued an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Piper Sandler increased their price objective 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. Finally, Scotiabank decreased their price objective on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $354.45.

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monday.com Stock Up 2.1 %

MNDY stock traded up $5.33 during mid-day trading on Wednesday, reaching $262.56. 466,235 shares of the company traded hands, compared to its average volume of 767,310. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The firm's 50 day moving average price is $267.18 and its 200 day moving average price is $269.58. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 437.60, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results 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%. On average, 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.