Diversified Trust Co Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Diversified Trust Co lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 86.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,947 shares of the company's stock after acquiring an additional 2,753 shares during the quarter. Diversified Trust Co's holdings in monday.com were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of monday.com by 4.6% in the fourth quarter. Rhumbline Advisers now owns 10,561 shares of the company's stock valued at $2,486,000 after acquiring an additional 465 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in monday.com in the 4th quarter worth approximately $290,000. Truist Financial Corp boosted its stake in monday.com by 8.6% in the 4th quarter. Truist Financial Corp now owns 4,048 shares of the company's stock worth $953,000 after purchasing an additional 322 shares during the period. Global Retirement Partners LLC raised its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MNDY has been the subject of several research analyst reports. Scotiabank raised their target price on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. 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. Canaccord Genuity Group decreased their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler restated an "overweight" rating and set a $325.00 price target on shares of monday.com in a report on Friday, June 27th. Finally, Morgan Stanley started coverage on monday.com in a report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.09.

monday.com Stock Performance

monday.com stock traded down $4.04 during midday trading on Wednesday, hitting $299.73. 240,199 shares of the company's stock were exchanged, compared to its average volume of 737,060. The company has a market cap of $15.22 billion, a PE ratio of 305.82, a P/E/G ratio of 113.79 and a beta of 1.30. The firm has a 50-day moving average of $290.47 and a two-hundred day moving average of $268.06. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. monday.com's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.