Raymond James Financial Inc. Purchases Shares of 114,722 monday.com Ltd. (NASDAQ:MNDY)

Raymond James Financial Inc. bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after acquiring an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of monday.com during the 4th quarter valued at about $245,000. Bank of Montreal Can grew its stake in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the period. Bailard Inc. increased its holdings in monday.com by 147.5% in the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the period. 73.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

MNDY has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Barclays lifted their price target on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird upped their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group upped their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $346.73.

monday.com Trading Up 7.8 %

Shares of NASDAQ MNDY traded up $18.49 during midday trading on Wednesday, hitting $256.16. The company's stock had a trading volume of 233,003 shares, compared to its average volume of 800,832. The stock has a fifty day moving average price of $262.98 and a 200 day moving average price of $266.45. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 426.93, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a one year low of $179.02 and a one year 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 return on equity of 6.22% and a net margin of 3.33%. On average, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.