Representative Michael Guest (R-Mississippi) recently bought shares of monday.com Ltd. NASDAQ: MNDY. In a filing disclosed on December 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in monday.com stock on November 8th. The trade occurred in the Representative's "TR - D1" account.
Representative Michael Guest also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/8/2024.
monday.com Trading Up 1.3 %
MNDY traded up $2.95 during midday trading on Tuesday, hitting $234.80. The company's stock had a trading volume of 298,008 shares, compared to its average volume of 751,063. monday.com Ltd. has a 52-week low of $170.00 and a 52-week high of $324.99. The firm has a 50-day moving average price of $281.04 and a two-hundred day moving average price of $259.32. The firm has a market cap of $11.34 billion, a P/E ratio of 572.68, a PEG ratio of 7.61 and a beta of 1.25.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same quarter last year, the firm posted $0.15 EPS. The business's revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts expect that monday.com Ltd. will post 0.85 EPS for the current year.
Hedge Funds Weigh In On monday.com
Several hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the third quarter valued at approximately $43,000. Ridgewood Investments LLC acquired a new stake in shares of monday.com in the second quarter valued at approximately $45,000. Toronto Dominion Bank bought a new stake in monday.com during the second quarter worth about $120,000. Vestcor Inc lifted its stake in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company's stock valued at $144,000 after acquiring an additional 124 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in monday.com by 645.7% during the third quarter. Larson Financial Group LLC now owns 604 shares of the company's stock worth $168,000 after purchasing an additional 523 shares during the period. Institutional investors own 73.70% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Needham & Company LLC boosted their price objective on monday.com from $300.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Barclays boosted their price target on monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Canaccord Genuity Group raised their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. KeyCorp cut shares of monday.com from an "overweight" rating to a "sector weight" rating in a research report on Friday, December 13th. Finally, Scotiabank began coverage on monday.com in a research report on Tuesday, November 19th. They set a "sector outperform" rating and a $325.00 price objective for the company. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $309.14.
Check Out Our Latest Stock Analysis on monday.com
About Representative Guest
Michael Guest (Republican Party) is a member of the U.S. House, representing Mississippi's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Guest (Republican Party) ran for re-election to the U.S. House to represent Mississippi's 3rd Congressional District. He won in the general election on November 8, 2022. Guest received his bachelor's degree from Mississippi State University in 1992. He received his J.D. from the University of Mississippi in 1995. He served as an assistant district attorney for Madison and Rankin counties in Mississippi from 1995 to 2007. He was elected district attorney of these counties in 2007. In 2018, Guest defeated Michael Evans (D) to replace outgoing incumbent Gregg Harper (R).
About monday.com
(
Get Free Report)
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.
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