State Street Corp Purchases 21,585 Shares of monday.com Ltd. (NASDAQ:MNDY)

State Street Corp lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 587,879 shares of the company's stock after acquiring an additional 21,585 shares during the period. State Street Corp owned 1.22% of monday.com worth $163,295,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cetera Advisors LLC bought a new stake in monday.com during the 1st quarter valued at $264,000. Blue Trust Inc. raised its stake in shares of monday.com by 10,650.0% during the second quarter. Blue Trust Inc. now owns 645 shares of the company's stock valued at $146,000 after purchasing an additional 639 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in monday.com by 14.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,606 shares of the company's stock worth $15,555,000 after purchasing an additional 8,106 shares during the period. Raymond James & Associates grew its position in monday.com by 9.8% in the 2nd quarter. Raymond James & Associates now owns 31,845 shares of the company's stock valued at $7,667,000 after buying an additional 2,850 shares in the last quarter. Finally, Washington Capital Management Inc. grew its position in monday.com by 23.8% in the 2nd quarter. Washington Capital Management Inc. now owns 2,600 shares of the company's stock valued at $626,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MNDY shares. Loop Capital upped their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Robert W. Baird upped their target price on monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Tigress Financial lifted their price target on monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. KeyCorp lowered monday.com from an "overweight" rating to a "sector weight" rating in a report on Friday. Finally, Citigroup raised their target price on monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $310.81.

monday.com Trading Down 3.2 %

NASDAQ:MNDY traded down $8.96 on Friday, hitting $273.08. 488,853 shares of the company's stock traded hands, compared to its average volume of 725,347. The company has a market cap of $13.18 billion, a PE ratio of 666.05, a price-to-earnings-growth ratio of 7.75 and a beta of 1.25. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99. The firm has a 50-day moving average price of $285.81 and a 200-day moving average price of $258.11.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm's revenue was up 49.5% on a year-over-year basis. On average, research analysts forecast that monday.com Ltd. will post 0.85 EPS 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.