Assenagon Asset Management S.A. increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,262 shares of the company's stock after buying an additional 3,357 shares during the quarter. Assenagon Asset Management S.A. owned about 0.13% of monday.com worth $17,572,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in shares of monday.com in the 4th quarter valued at $1,405,000. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 310 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in monday.com during the first quarter valued at about $364,000. Allspring Global Investments Holdings LLC increased its stake in monday.com by 4,419.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 60,104 shares of the company's stock worth $13,576,000 after acquiring an additional 58,774 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of monday.com by 18.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,500 shares of the company's stock worth $12,762,000 after purchasing an additional 8,636 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.
monday.com Stock Performance
Shares of monday.com stock traded up $2.34 during trading on Friday, reaching $299.61. The company had a trading volume of 642,078 shares, compared to its average volume of 704,170. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 788.45, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com Ltd. has a fifty-two week low of $122.13 and a fifty-two week high of $302.57. The firm's fifty day moving average is $270.78 and its 200-day moving average is $237.93.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, research analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Baird R W raised shares of monday.com to a "hold" rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price 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. KeyCorp reduced their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price target on shares of monday.com in a report on Thursday, September 26th. Finally, Canaccord Genuity Group boosted their price objective on monday.com from $250.00 to $295.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $303.35.
View Our Latest Stock Report on MNDY
monday.com Profile
(
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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