Lbp Am Sa Acquires 6,521 Shares of monday.com Ltd. (NASDAQ:MNDY)

LBP AM SA raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 99.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,100 shares of the company's stock after acquiring an additional 6,521 shares during the quarter. LBP AM SA's holdings in monday.com were worth $3,185,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MNDY. FMR LLC raised its holdings in monday.com by 78.7% in the 4th 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. Rubicon Global Capital Ltd acquired a new position in shares of monday.com during the 1st quarter worth approximately $137,434,000. Norges Bank acquired a new position in shares of monday.com during the 4th quarter worth approximately $116,686,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of monday.com during the 4th quarter worth approximately $109,605,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of monday.com in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 target price on the stock. Loop Capital decreased their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Canaccord Genuity Group decreased their target price on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group reduced their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $349.23.

monday.com Trading Down 5.5%

monday.com stock traded down $16.58 during mid-day trading on Friday, reaching $284.61. The company had a trading volume of 674,212 shares, compared to its average volume of 738,401. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The company has a market cap of $14.45 billion, a P/E ratio of 290.42, a P/E/G ratio of 108.98 and a beta of 1.30. The business has a fifty day simple moving average of $295.17 and a 200 day simple moving average of $271.18.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. During the same quarter last year, the business posted $0.61 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. Research analysts forecast that monday.com Ltd. will post 0.46 EPS 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.