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Harbour Capital Advisors LLC Purchases New Stake in monday.com Ltd. (NASDAQ:MNDY)

monday.com logo with Computer and Technology background

Harbour Capital Advisors LLC purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,270 shares of the company's stock, valued at approximately $297,000.

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust bought a new position in shares of monday.com in the 1st quarter worth $30,000. Signaturefd LLC raised its position 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 acquiring an additional 88 shares in the last quarter. Global Retirement Partners LLC raised its position 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 acquiring an additional 59 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of monday.com in the 4th quarter worth $44,000. Finally, Farther Finance Advisors LLC grew its stake in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after buying an additional 52 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 0.8%

Shares of monday.com stock traded up $2.44 during mid-day trading on Friday, reaching $307.96. 530,820 shares of the stock traded hands, compared to its average volume of 739,722. The business has a 50-day moving average of $287.44 and a 200 day moving average of $267.63. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The stock has a market capitalization of $15.64 billion, a PE ratio of 314.24, a PEG ratio of 111.43 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating 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 business had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business's revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of several research analyst reports. Wells Fargo & Company set a $365.00 target price on monday.com and gave the stock an "overweight" rating in a research note on Friday, June 13th. Jefferies Financial Group dropped their target price on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank boosted their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Loop Capital dropped their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Morgan Stanley initiated coverage on monday.com in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 target price on the stock. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $347.09.

Check Out Our Latest Stock Analysis on MNDY

monday.com Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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