2,275 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,275 shares of the company's stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its stake in 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 buying an additional 50 shares in the last quarter. American International Group Inc. grew its holdings in shares of monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company's stock valued at $1,028,000 after purchasing an additional 102 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 102 shares during the last quarter. Yousif Capital Management LLC increased its position in monday.com by 11.9% during the 4th quarter. Yousif Capital Management LLC now owns 1,500 shares of the company's stock worth $282,000 after purchasing an additional 160 shares in the last quarter. Finally, Nvwm LLC lifted its stake in 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 last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 13th. Needham & Company LLC raised their price objective on monday.com from $250.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 12th. Wells Fargo & Company upped their target price on monday.com from $260.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, May 16th. Tigress Financial lifted their price target on monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Finally, William Blair restated an "outperform" rating on shares of monday.com in a report on Monday, June 24th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $285.79.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $1.94 during midday trading on Monday, reaching $265.89. The company's stock had a trading volume of 338,800 shares, compared to its average volume of 775,990. monday.com Ltd. has a fifty-two week low of $122.13 and a fifty-two week high of $272.77. The firm has a 50 day moving average price of $240.81 and a two-hundred day moving average price of $223.56. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 699.71, a PEG ratio of 12.99 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.