Equitable Trust Co. Acquires 2,977 Shares of monday.com Ltd. (NASDAQ:MNDY)

Equitable Trust Co. lifted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 37.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,903 shares of the company's stock after purchasing an additional 2,977 shares during the quarter. Equitable Trust Co.'s holdings in monday.com were worth $2,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MNDY. Crossmark Global Holdings Inc. lifted its holdings in shares of monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock valued at $314,000 after purchasing an additional 50 shares in the last quarter. American International Group Inc. lifted its stake in monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company's stock worth $1,028,000 after acquiring an additional 102 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its stake in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after acquiring an additional 102 shares in the last quarter. Yousif Capital Management LLC grew its stake in monday.com by 11.9% during the 4th quarter. Yousif Capital Management LLC now owns 1,500 shares of the company's stock valued at $282,000 after acquiring an additional 160 shares in the last quarter. Finally, Nvwm LLC increased its holdings in shares of monday.com by 6.4% in the 1st quarter. Nvwm LLC now owns 2,735 shares of the company's stock valued at $618,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on MNDY shares. Wolfe Research initiated coverage on shares of monday.com in a research report on Tuesday, July 9th. They set an "outperform" rating and a $300.00 price objective on the stock. Robert W. Baird increased their price objective on monday.com from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. KeyCorp lowered their target price on monday.com from $280.00 to $270.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 2nd. UBS Group raised their price target on monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Finally, Piper Sandler reissued an "overweight" rating and issued a $300.00 price target (up previously from $270.00) on shares of monday.com in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $285.79.

monday.com Trading Up 0.7 %

NASDAQ:MNDY traded up $1.94 during mid-day trading on Friday, hitting $265.89. 338,805 shares of the company's stock traded hands, compared to its average volume of 713,923. The firm has a 50 day moving average of $239.93 and a two-hundred day moving average of $223.25. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 699.71, a price-to-earnings-growth ratio of 12.99 and a beta of 1.30. monday.com Ltd. has a 12 month low of $122.13 and a 12 month high of $272.77.

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.