Raymond James Financial Inc. purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 114,722 shares of the company's stock, valued at approximately $27,010,000. Raymond James Financial Inc. owned about 0.24% of monday.com as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in monday.com by 25.9% during the 4th quarter. Atria Investments Inc now owns 3,562 shares of the company's stock valued at $839,000 after purchasing an additional 733 shares during the period. Assetmark Inc. increased its position in monday.com by 11.9% during the 4th quarter. Assetmark Inc. now owns 6,251 shares of the company's stock valued at $1,472,000 after purchasing an additional 665 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in monday.com by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,936 shares of the company's stock worth $5,871,000 after purchasing an additional 897 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com in the 4th quarter worth $245,000. Finally, Jones Financial Companies Lllp raised its holdings in monday.com by 904.8% in the 4th quarter. Jones Financial Companies Lllp now owns 834 shares of the company's stock worth $196,000 after purchasing an additional 751 shares in the last quarter. 73.70% of the stock is owned by institutional investors.
monday.com Stock Up 5.6 %
MNDY traded up $13.50 during midday trading on Friday, hitting $255.87. 908,992 shares of the company traded hands, compared to its average volume of 766,001. The firm has a market capitalization of $12.35 billion, a PE ratio of 426.45, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The company's 50-day moving average is $265.97 and its 200 day moving average is $269.54. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on MNDY. Loop Capital decreased their price objective on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays upped their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group upped their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $358.32.
Check Out Our Latest Research Report on monday.com
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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