monday.com Ltd. (NASDAQ:MNDY) is Consolidated Press International Holdings Ltd.'s 3rd Largest Position

Consolidated Press International Holdings Ltd. raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,073 shares of the company's stock after purchasing an additional 3,869 shares during the quarter. monday.com accounts for 1.7% of Consolidated Press International Holdings Ltd.'s investment portfolio, making the stock its 3rd biggest holding. Consolidated Press International Holdings Ltd. owned about 0.10% of monday.com worth $11,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the period. Jennison Associates LLC lifted its stake in shares of monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after purchasing an additional 100,333 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after buying an additional 403,255 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after buying an additional 96,222 shares during the period. Finally, Norges Bank purchased a new position in monday.com in the fourth quarter valued at about $116,686,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Up 1.5 %

Shares of MNDY stock traded up $4.22 on Tuesday, reaching $277.53. 159,112 shares of the stock were exchanged, compared to its average volume of 941,670. monday.com Ltd. has a 1-year low of $180.66 and a 1-year high of $342.64. The stock has a market cap of $14.09 billion, a P/E ratio of 462.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The firm has a 50 day moving average of $256.41 and a two-hundred day moving average of $265.59.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of several research analyst reports. UBS Group lowered their price target on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Cantor Fitzgerald upped their target price on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Tigress Financial lifted their price target on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group lifted their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.