8,091 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,091 shares of the company's stock, valued at approximately $1,905,000.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake 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. Norges Bank acquired a new position in shares of monday.com during the fourth quarter worth approximately $116,686,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of monday.com during the fourth quarter worth approximately $109,605,000. CIBC Private Wealth Group LLC boosted its position in shares of 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 during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of monday.com by 7,282.0% during the fourth quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock worth $71,572,000 after buying an additional 299,874 shares during the period. Institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MNDY shares. Canaccord Genuity Group reduced their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Robert W. Baird boosted their target price on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Tigress Financial boosted their target price on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $346.50.

monday.com Stock Up 1.1%

MNDY stock traded up $3.31 during mid-day trading on Tuesday, reaching $307.39. 381,368 shares of the stock traded hands, compared to its average volume of 748,069. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64. The business has a 50-day moving average of $267.61 and a two-hundred day moving average of $265.61. The firm has a market capitalization of $15.61 billion, a PE ratio of 512.32, a P/E/G ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate 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.