Sumitomo Mitsui Trust Group Inc. lifted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,621 shares of the company's stock after acquiring an additional 2,930 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.14% of monday.com worth $16,392,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Choreo LLC boosted its holdings in shares of monday.com by 3.8% in the 4th quarter. Choreo LLC now owns 3,005 shares of the company's stock worth $707,000 after acquiring an additional 111 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of monday.com by 74.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company's stock worth $64,000 after acquiring an additional 117 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after acquiring an additional 100,333 shares in the last quarter. Spire Wealth Management acquired a new position in shares of monday.com in the 4th quarter worth approximately $125,000. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in shares of monday.com by 180.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 16,800 shares of the company's stock worth $3,955,000 after acquiring an additional 10,800 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Robert W. Baird boosted their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on monday.com from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $353.32.
Read Our Latest Analysis on MNDY
monday.com Stock Down 0.6 %
Shares of MNDY traded down $1.83 during trading hours on Friday, reaching $318.50. The stock had a trading volume of 508,475 shares, compared to its average volume of 919,102. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The firm has a 50-day moving average of $252.94 and a 200 day moving average of $264.55. The company has a market cap of $15.38 billion, a P/E ratio of 776.83, a P/E/G ratio of 7.67 and a beta of 1.31.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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 2.39% and a return on equity of 4.99%. As a group, equities analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current year.
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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