Ensign Peak Advisors Inc Buys 3,164 Shares of monday.com Ltd. (NASDAQ:MNDY)

Ensign Peak Advisors Inc raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 96.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,458 shares of the company's stock after acquiring 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com in the 4th quarter worth about $28,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter worth about $33,000. Signaturefd LLC increased its holdings in shares of 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 during 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.

Wall Street Analysts Forecast Growth

MNDY has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $400.00 target price on shares of monday.com in a report on Tuesday. DA Davidson reduced their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group reduced their target price on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday. Piper Sandler boosted their target price on shares of monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Loop Capital reduced their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Price Performance

monday.com stock opened at $292.97 on Friday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 488.28, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1 year low of $188.01 and a 1 year high of $342.64. The firm has a 50-day moving average of $258.41 and a two-hundred day moving average of $265.46.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current 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.

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