TIAA Trust National Association Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

TIAA Trust National Association bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,512 shares of the company's stock, valued at approximately $11,893,000. TIAA Trust National Association owned approximately 0.10% of monday.com at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prudential Financial Inc. raised its holdings in monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock worth $253,000 after acquiring an additional 76 shares during the last quarter. Vestcor Inc boosted its stake in shares of monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock valued at $142,000 after purchasing an additional 83 shares during the last quarter. Finally, Signaturefd LLC boosted its position in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

Shares of monday.com stock traded down $8.67 during mid-day trading on Friday, hitting $247.01. 618,292 shares of the stock were exchanged, compared to its average volume of 790,733. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a 50-day simple moving average of $272.99 and a 200 day simple moving average of $270.30. The company 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 issued its quarterly earnings results 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 return on equity of 6.22% and a net margin of 3.33%. Analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

MNDY has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. DA Davidson upgraded shares of monday.com from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a research report on Monday, March 17th. Scotiabank cut their target price on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Loop Capital decreased their price target on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Finally, Wells Fargo & Company raised their target price on monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $354.45.

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.