iA Global Asset Management Inc. Acquires 6,835 Shares of monday.com Ltd. (NASDAQ:MNDY)

iA Global Asset Management Inc. boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 65.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,286 shares of the company's stock after buying an additional 6,835 shares during the quarter. iA Global Asset Management Inc.'s holdings in monday.com were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new stake in shares of monday.com in the second quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC grew its position in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after purchasing an additional 102 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of monday.com by 2.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company's stock valued at $65,000 after purchasing an additional 691 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com in the second quarter valued at approximately $69,000. Finally, PNC Financial Services Group Inc. grew its position in shares of monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock valued at $74,000 after purchasing an additional 310 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MNDY shares. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, August 13th. Canaccord Genuity Group upped their price objective on shares of monday.com from $250.00 to $295.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. William Blair reissued an "outperform" rating on shares of monday.com in a research note on Monday, June 24th. The Goldman Sachs Group upped their price objective on shares of monday.com from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Finally, UBS Group upped their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $285.79.

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $1.94 during midday trading on Friday, hitting $265.89. The company's stock had a trading volume of 338,805 shares, compared to its average volume of 775,990. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $272.77. The firm's fifty day moving average price is $239.93 and its 200-day moving average price is $223.17. The firm has a market cap of $12.84 billion, a P/E ratio of 699.71, a P/E/G ratio of 43.41 and a beta of 1.30.

About monday.com

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.