monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 48.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,039 shares of the company's stock after buying an additional 4,275 shares during the period. Van ECK Associates Corp's holdings in monday.com were worth $3,139,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock worth $314,000 after acquiring an additional 50 shares in the last quarter. American International Group Inc. increased its holdings in shares of monday.com by 2.3% in 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 in the last quarter. Gilliland Jeter Wealth Management LLC lifted its stake 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 period. Nvwm LLC boosted its holdings in monday.com by 6.4% during the first quarter. Nvwm LLC now owns 2,735 shares of the company's stock worth $618,000 after buying an additional 165 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in monday.com during the second quarter worth about $45,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

monday.com stock traded down $8.04 during midday trading on Friday, reaching $241.08. The stock had a trading volume of 311,700 shares, compared to its average volume of 767,588. The stock's 50-day simple moving average is $241.98 and its 200 day simple moving average is $224.08. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $272.77. The stock has a market capitalization of $11.64 billion, a PE ratio of 634.42, a price-to-earnings-growth ratio of 12.99 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The company had revenue of $236.11 million for the quarter, compared to analysts' expectations of $227.96 million. Equities analysts predict that monday.com Ltd. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MNDY. 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 target for the company. JPMorgan Chase & Co. raised their price target on monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Wells Fargo & Company boosted their price objective on shares of monday.com from $260.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, May 16th. The Goldman Sachs Group raised their target price on shares of monday.com from $300.00 to $340.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, KeyCorp reduced their price target on shares of monday.com from $280.00 to $270.00 and set an "overweight" rating on the stock in a report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average target price of $285.79.

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.