Diversified Trust Co Increases Holdings in monday.com Ltd. (NASDAQ:MNDY)

Diversified Trust Co grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 86.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,947 shares of the company's stock after purchasing an additional 2,753 shares during the period. Diversified Trust Co's holdings in monday.com were worth $1,446,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the period. Rubicon Global Capital Ltd acquired a new stake in monday.com during the first quarter worth about $137,434,000. CIBC Private Wealth Group LLC grew 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 acquiring an additional 403,255 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings 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 acquiring an additional 96,222 shares during the period. Finally, Norges Bank acquired a new stake in monday.com during the fourth quarter worth about $116,686,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MNDY. Canaccord Genuity Group dropped their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Barclays dropped their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley initiated coverage on monday.com in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $347.09.

monday.com Price Performance

monday.com stock traded up $2.44 during trading on Friday, reaching $307.96. 530,820 shares of the company were exchanged, compared to its average volume of 739,722. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The company has a market capitalization of $15.64 billion, a P/E ratio of 314.24, a PEG ratio of 111.43 and a beta of 1.30. The stock's 50 day simple moving average is $287.44 and its two-hundred day simple moving average is $267.63.

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, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts forecast 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.