Taika Capital LP acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,984 shares of the company's stock, valued at approximately $2,351,000. monday.com comprises 1.8% of Taika Capital LP's holdings, making the stock its 23rd largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of monday.com in the 3rd quarter valued at $1,001,000. Van ECK Associates Corp raised its position in shares of monday.com by 1.6% in the third quarter. Van ECK Associates Corp now owns 13,244 shares of the company's stock worth $3,742,000 after acquiring an additional 205 shares during the period. Principal Financial Group Inc. boosted its stake in shares of monday.com by 35.8% during the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after acquiring an additional 14,059 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at about $758,000. Finally, Assetmark Inc. increased its stake in shares of monday.com by 7.2% in the 3rd quarter. Assetmark Inc. now owns 5,586 shares of the company's stock valued at $1,552,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on MNDY shares. DA Davidson upped their target price on monday.com from $300.00 to $350.00 and gave the stock a "neutral" 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 stock a "neutral" rating in a research report on Tuesday, February 11th. Cantor Fitzgerald boosted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted 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. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $358.32.
Read Our Latest Stock Report on monday.com
monday.com Trading Down 3.1 %
monday.com stock traded down $7.63 during trading on Thursday, hitting $242.37. The company had a trading volume of 1,106,633 shares, compared to its average volume of 1,098,194. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The company's 50 day simple moving average is $265.33 and its 200-day simple moving average is $269.71. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 403.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 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%. As a group, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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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