Vinva Investment Management Ltd Takes $804,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Vinva Investment Management Ltd bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,419 shares of the company's stock, valued at approximately $804,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new stake in monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC grew its stake in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings 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 worth $35,000 after buying an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Up 0.3 %

Shares of MNDY stock traded up $0.83 during trading hours on Tuesday, reaching $277.35. The company's stock had a trading volume of 352,137 shares, compared to its average volume of 766,550. The stock has a market capitalization of $13.39 billion, a P/E ratio of 462.25, a P/E/G ratio of 16.53 and a beta of 1.27. The firm's fifty day simple moving average is $270.84 and its 200 day simple moving average is $269.98. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

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monday.com (NASDAQ:MNDY - Get Free Report) last issued 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 net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNDY. William Blair reaffirmed an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Needham & Company LLC lifted their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Tigress Financial increased their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Cantor Fitzgerald upped their target price on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and a consensus 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.