Y Intercept Hong Kong Ltd bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,932 shares of the company's stock, valued at approximately $1,092,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in monday.com during the 3rd quarter valued at $1,667,000. International Assets Investment Management LLC bought a new stake in shares of monday.com in the third quarter valued at about $21,989,000. Taylor Frigon Capital Management LLC purchased a new stake in monday.com in the third quarter worth about $1,311,000. Allspring Global Investments Holdings LLC grew its holdings in monday.com by 20.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 72,564 shares of the company's stock worth $17,471,000 after acquiring an additional 12,460 shares in the last quarter. Finally, Jennison Associates LLC increased its position in monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. Institutional investors own 73.70% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on MNDY shares. Robert W. Baird upped their price target on shares of monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. TD Cowen increased their target price on monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Barclays lifted their price target on monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Needham & Company LLC upped their price objective on monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company lifted their target price on monday.com from $315.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $310.81.
Check Out Our Latest Stock Analysis on MNDY
monday.com Stock Performance
Shares of NASDAQ MNDY traded up $4.01 during mid-day trading on Thursday, hitting $282.04. The stock had a trading volume of 369,910 shares, compared to its average volume of 726,278. The firm has a market cap of $13.62 billion, a PE ratio of 678.12, a PEG ratio of 8.28 and a beta of 1.25. The company has a 50 day moving average of $285.78 and a two-hundred day moving average of $257.74. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company's revenue was up 49.5% on a year-over-year basis. Equities research analysts predict 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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