Prudential PLC raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 151.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,590 shares of the company's stock after acquiring an additional 1,560 shares during the period. Prudential PLC's holdings in monday.com were worth $610,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after purchasing an additional 100,333 shares in the last quarter. State Street Corp increased its stake in monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company's stock valued at $163,295,000 after buying an additional 21,585 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after buying an additional 403,255 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of monday.com by 23.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after buying an additional 96,222 shares during the last quarter. Finally, Norges Bank bought a new position in shares of monday.com in the 4th quarter valued at about $116,686,000. Institutional investors and hedge funds own 73.70% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on MNDY shares. Cantor Fitzgerald increased their price target on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Canaccord Genuity Group raised their target price on shares of monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. William Blair restated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research note on Tuesday, February 11th. Finally, Robert W. Baird boosted their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $352.64.
Check Out Our Latest Stock Analysis on monday.com
monday.com Stock Performance
NASDAQ:MNDY traded down $2.84 during mid-day trading on Friday, reaching $240.81. 942,796 shares of the company's stock were exchanged, compared to its average volume of 807,717. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The business's fifty day simple moving average is $270.36 and its two-hundred day simple moving average is $267.87. The firm has a market capitalization of $12.23 billion, a PE ratio of 401.35, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.
monday.com Company Profile
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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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