International Assets Investment Management LLC acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 79,164 shares of the company's stock, valued at approximately $21,989,000. International Assets Investment Management LLC owned approximately 0.16% of monday.com as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in MNDY. Ridgewood Investments LLC purchased a new stake in shares of monday.com during the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after purchasing an additional 102 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in monday.com in the second quarter worth $69,000. PNC Financial Services Group Inc. lifted its stake in monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock worth $74,000 after purchasing an additional 310 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its stake in monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after purchasing an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
Analyst Ratings Changes
MNDY has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of monday.com in a research note on Thursday, September 26th. Bank of America boosted their price target on shares of monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. DA Davidson boosted their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $303.35.
View Our Latest Research Report on monday.com
monday.com Trading Down 0.6 %
MNDY traded down $1.81 during midday trading on Wednesday, reaching $300.69. The company's stock had a trading volume of 100,748 shares, compared to its average volume of 697,940. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 796.05, a PEG ratio of 13.58 and a beta of 1.32. monday.com Ltd. has a 1 year low of $125.00 and a 1 year high of $306.80. The stock's 50-day moving average is $272.00 and its 200-day moving average is $239.39.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to analysts' expectations of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.
monday.com Company 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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