Teacher Retirement System of Texas Acquires 5,800 Shares of monday.com Ltd. (NASDAQ:MNDY)

Teacher Retirement System of Texas increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 138.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,992 shares of the company's stock after acquiring an additional 5,800 shares during the quarter. Teacher Retirement System of Texas' holdings in monday.com were worth $2,353,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in monday.com by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after purchasing an additional 1,318 shares during the period. SBI Securities Co. Ltd. bought a new stake in monday.com during the fourth quarter valued at $245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in monday.com by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company's stock worth $29,009,000 after buying an additional 10,285 shares in the last quarter. Bailard Inc. increased its stake in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in monday.com by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after acquiring an additional 8,329 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

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monday.com Trading Down 3.4 %

NASDAQ:MNDY traded down $8.67 during trading hours on Friday, reaching $247.01. 618,292 shares of the company traded hands, compared to its average volume of 790,733. The business's 50-day moving average price is $272.99 and its two-hundred day moving average price is $270.44. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64. The stock has a market capitalization of $12.54 billion, a P/E ratio of 411.68, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective for the company in a report on Tuesday, February 11th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and cut their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Wells Fargo & Company raised their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Tigress Financial upped their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, DA Davidson upgraded monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price target on the stock in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $354.45.

About monday.com

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.