Empowered Funds LLC raised its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4,194.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,430 shares of the company's stock after buying an additional 14,094 shares during the quarter. Empowered Funds LLC's holdings in monday.com were worth $997,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of MNDY. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of monday.com by 75.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company's stock valued at $20,512,000 after acquiring an additional 60,000 shares in the last quarter. SEB Asset Management AB bought a new position in monday.com during the first quarter worth $1,639,000. Swiss National Bank boosted its holdings in monday.com by 28.6% in the first quarter. Swiss National Bank now owns 159,100 shares of the company's stock worth $10,995,000 after purchasing an additional 35,400 shares during the period. NewEdge Wealth LLC acquired a new position in monday.com in the fourth quarter worth $5,635,000. Finally, Coronation Fund Managers Ltd. boosted its holdings in monday.com by 43.5% in the fourth quarter. Coronation Fund Managers Ltd. now owns 138,085 shares of the company's stock worth $20,376,000 after purchasing an additional 41,871 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Price Performance
Shares of NASDAQ MNDY opened at $93.13 on Monday. The firm has a market capitalization of $4.76 billion, a PE ratio of 40.49, a P/E/G ratio of 4.66 and a beta of 1.24. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $252.86. The business's fifty day moving average price is $80.75 and its two-hundred day moving average price is $79.61.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The company had revenue of $351.26 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities research analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on MNDY shares. Oppenheimer set a $115.00 target price on shares of monday.com in a report on Monday, May 11th. Tigress Financial reduced their price target on shares of monday.com to $165.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of monday.com in a report on Thursday, June 11th. Barclays boosted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Finally, Piper Sandler increased their price objective on shares of monday.com from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.78.
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About monday.com
(
Free Report)
monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.
The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.
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