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Lbp Am Sa Raises Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

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

A number of other large investors also recently modified their holdings of the company. Spire Wealth Management grew its position in monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares in the last quarter. Clearbridge Investments LLC boosted its stake in monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after acquiring an additional 44 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after purchasing an additional 52 shares during the period. Prudential Financial Inc. grew its holdings in shares of monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings 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 buying an additional 70 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNDY. Scotiabank increased their price target on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Loop Capital dropped their price objective on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Canaccord Genuity Group decreased their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Jefferies Financial Group decreased their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $349.23.

Get Our Latest Stock Report on MNDY

monday.com Stock Up 2.2%

Shares of MNDY stock traded up $6.31 during trading on Monday, reaching $290.92. 361,000 shares of the company's stock were exchanged, compared to its average volume of 737,809. The stock has a market capitalization of $14.77 billion, a PE ratio of 296.86, a PEG ratio of 102.99 and a beta of 1.30. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The firm's fifty day moving average price is $295.17 and its 200-day moving average price is $271.69.

monday.com (NASDAQ:MNDY - Get Free Report) last released 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 return on equity of 7.87% and a net margin of 5.08%. The firm had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same period in the prior year, the company posted $0.61 EPS. The company's revenue was up 30.2% compared to the same quarter last year. As a group, analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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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