Thrivent Financial for Lutherans lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 67.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,226 shares of the company's stock after selling 6,726 shares during the period. Thrivent Financial for Lutherans' holdings in monday.com were worth $896,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com during the 3rd quarter valued at approximately $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com in the second quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of monday.com during the 2nd quarter worth approximately $69,000. Finally, Toronto Dominion Bank acquired a new stake in shares of monday.com during the 2nd quarter worth about $120,000. Institutional investors and hedge funds own 73.70% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on MNDY shares. JPMorgan Chase & Co. increased their target price on monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 13th. TD Cowen lifted their target price on shares of monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Scotiabank began coverage on monday.com in a research note on Tuesday, November 19th. They issued a "sector outperform" rating and a $325.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, Barclays lifted their price objective on monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $310.81.
Get Our Latest Stock Report on monday.com
monday.com Stock Up 2.2 %
MNDY traded up $6.10 during trading on Tuesday, hitting $280.80. The company's stock had a trading volume of 508,668 shares, compared to its average volume of 727,739. The business's 50 day simple moving average is $284.29 and its 200-day simple moving average is $255.57. monday.com Ltd. has a one year low of $170.00 and a one year high of $324.99. The firm has a market cap of $13.56 billion, a PE ratio of 684.88, a P/E/G ratio of 7.65 and a beta of 1.25.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. During the same period in the previous year, the company earned $0.15 EPS. The firm's quarterly revenue was up 49.5% on a year-over-year basis. Equities research analysts expect that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
About monday.com
(
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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