Ensign Peak Advisors Inc Boosts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Ensign Peak Advisors Inc boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 96.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,458 shares of the company's stock after purchasing an additional 3,164 shares during the period. Ensign Peak Advisors Inc's holdings in monday.com were worth $1,520,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MNDY. Ethic Inc. boosted its holdings in monday.com by 48.9% in the fourth quarter. Ethic Inc. now owns 2,290 shares of the company's stock valued at $539,000 after acquiring an additional 752 shares during the last quarter. Driehaus Capital Management LLC lifted its position in monday.com by 8.9% during the 4th quarter. Driehaus Capital Management LLC now owns 410,695 shares of the company's stock valued at $96,694,000 after purchasing an additional 33,606 shares during the period. Concentric Capital Strategies LP grew its position in shares of monday.com by 470.2% during the 4th quarter. Concentric Capital Strategies LP now owns 15,310 shares of the company's stock worth $3,605,000 after buying an additional 12,625 shares during the period. Crestline Management LP acquired a new stake in shares of monday.com during the 4th quarter worth approximately $5,914,000. Finally, Cetera Investment Advisers lifted its holdings in monday.com by 39.6% in the fourth quarter. Cetera Investment Advisers now owns 4,148 shares of the company's stock valued at $977,000 after buying an additional 1,177 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MNDY shares. JPMorgan Chase & Co. reduced their target price on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Scotiabank increased their price target on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Tigress Financial boosted their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald upped their target price on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Loop Capital reduced their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $346.50.

monday.com Stock Performance

Shares of NASDAQ MNDY traded down $2.93 during midday trading on Wednesday, reaching $299.15. The stock had a trading volume of 112,230 shares, compared to its average volume of 769,053. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The stock has a 50-day moving average of $261.41 and a 200-day moving average of $265.14. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 501.73, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm's revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. As a group, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.