RiverPark Advisors LLC Has $391,000 Holdings in monday.com Ltd. (NASDAQ:MNDY)

RiverPark Advisors LLC increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 290.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,660 shares of the company's stock after purchasing an additional 1,235 shares during the quarter. RiverPark Advisors LLC's holdings in monday.com were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. Barclays PLC boosted its position in shares of monday.com by 225.8% in the 3rd quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after purchasing an additional 12,078 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in monday.com during the third quarter worth about $469,000. American Trust acquired a new position in shares of monday.com during the 3rd quarter worth about $204,000. Principal Financial Group Inc. increased its stake in shares of monday.com by 35.8% in the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock valued at $14,807,000 after acquiring an additional 14,059 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of monday.com by 17.2% in the 4th quarter. CWA Asset Management Group LLC now owns 3,199 shares of the company's stock valued at $753,000 after acquiring an additional 470 shares during the period. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several recent analyst reports. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and lowered their target price for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Piper Sandler dropped their price objective on monday.com from $385.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Barclays raised their price target on monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald lifted their price objective on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $343.09.

monday.com Stock Up 3.1 %

Shares of NASDAQ MNDY traded up $8.32 during trading hours on Friday, hitting $274.00. The company had a trading volume of 624,309 shares, compared to its average volume of 804,817. The stock has a market capitalization of $13.91 billion, a P/E ratio of 456.67, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 1-year low of $179.02 and a 1-year high of $342.64. The firm's 50 day moving average is $259.55 and its 200-day moving average is $266.15.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates 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 year.

monday.com 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.