279,895 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 279,895 shares of the company's stock, valued at approximately $65,898,000. BNP Paribas Financial Markets owned about 0.58% of monday.com as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bienville Capital Management LLC lifted its stake in shares of monday.com by 141.4% during the 4th quarter. Bienville Capital Management LLC now owns 75,600 shares of the company's stock worth $17,799,000 after acquiring an additional 44,279 shares during the last quarter. Metavasi Capital LP increased its position in shares of monday.com by 47.0% during the fourth quarter. Metavasi Capital LP now owns 43,075 shares of the company's stock worth $10,142,000 after acquiring an additional 13,775 shares during the period. Consolidated Press International Holdings Ltd. raised its stake in shares of monday.com by 8.8% during the fourth quarter. Consolidated Press International Holdings Ltd. now owns 48,073 shares of the company's stock valued at $11,318,000 after acquiring an additional 3,869 shares in the last quarter. JAT Capital Mgmt LP purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $7,089,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in monday.com in the fourth quarter worth approximately $3,890,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Down 1.2 %

MNDY traded down $3.45 during midday trading on Friday, hitting $278.24. 1,294,916 shares of the company were exchanged, compared to its average volume of 793,164. The company's 50 day simple moving average is $255.69 and its 200 day simple moving average is $265.49. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 463.73, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1-year low of $180.66 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on MNDY. Canaccord Genuity Group upped their target price on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Scotiabank upped their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Needham & Company LLC raised their target price on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Wells Fargo & Company dropped their price objective on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $342.86.

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.