JPMorgan Chase & Co. boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 102.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,682,013 shares of the company's stock after buying an additional 851,231 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.31% of monday.com worth $408,999,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Spire Wealth Management boosted its stake in monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock valued at $231,000 after purchasing an additional 55 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of monday.com by 50.7% during the first quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after purchasing an additional 73 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. UBS Group cut their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays cut their price target on monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday. DA Davidson cut their price target on monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday. Canaccord Genuity Group cut their price target on monday.com from $350.00 to $255.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $330.00 price objective on shares of monday.com in a research note on Monday. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus target price of $305.18.
View Our Latest Stock Analysis on monday.com
monday.com Trading Down 0.7%
MNDY stock traded down $1.18 during mid-day trading on Friday, reaching $175.74. The company's stock had a trading volume of 1,660,523 shares, compared to its average volume of 1,540,328. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 237.49, a price-to-earnings-growth ratio of 5.95 and a beta of 1.27. monday.com Ltd. has a 12 month low of $171.54 and a 12 month high of $342.64. The business's 50 day moving average price is $276.72 and its 200 day moving average price is $274.37.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%. The company's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
About monday.com
(
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.
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