Russell Investments Group Ltd. Acquires 16,776 Shares of monday.com Ltd. (NASDAQ:MNDY)

Russell Investments Group Ltd. grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 176.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,292 shares of the company's stock after purchasing an additional 16,776 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of monday.com worth $6,190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MNDY. Clearbridge Investments LLC grew its position in monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after purchasing an additional 44 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after acquiring an additional 53 shares during the period. Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after acquiring an additional 76 shares in the last quarter. Finally, Vestcor Inc lifted its position in monday.com by 16.0% during the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock valued at $142,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNDY. Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Wells Fargo & Company lifted 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. Jefferies Financial Group decreased their target price on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Tigress Financial upped their price objective on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus price target of $349.91.

monday.com Stock Down 1.7 %

Shares of NASDAQ:MNDY traded down $4.35 during trading on Thursday, hitting $245.99. 341,279 shares of the company traded hands, compared to its average volume of 803,695. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 409.98, a PEG ratio of 16.53 and a beta of 1.34. The business's fifty day moving average is $269.64 and its 200-day moving average is $267.45.

monday.com (NASDAQ:MNDY - Get Free Report) last released 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 return on equity of 6.22% and a net margin of 3.33%. On average, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Company 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.