Stephens Investment Management Group LLC Acquires 6,502 Shares of monday.com Ltd. (NASDAQ:MNDY)

Stephens Investment Management Group LLC raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,526 shares of the company's stock after purchasing an additional 6,502 shares during the period. Stephens Investment Management Group LLC owned 0.27% of monday.com worth $33,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNDY. Spire Wealth Management grew its holdings in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares during the period. Clearbridge Investments LLC grew its holdings in shares of monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after acquiring an additional 44 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of 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 acquiring an additional 52 shares during the period. Prudential Financial Inc. grew its holdings in shares of monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares during the period. Institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

MNDY has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price objective on shares of monday.com in a research report on Tuesday, May 13th. Morgan Stanley initiated coverage on monday.com in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price objective for the company. Wells Fargo & Company set a $365.00 price objective on monday.com and gave the company an "overweight" rating in a research report on Friday, June 13th. Finally, Canaccord Genuity Group reduced their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $349.23.

monday.com Stock Up 1.3%

MNDY traded up $3.57 on Monday, hitting $288.18. The company had a trading volume of 78,478 shares, compared to its average volume of 736,712. The company has a market cap of $14.63 billion, a PE ratio of 292.75, a PEG ratio of 102.99 and a beta of 1.30. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The business's fifty day simple moving average is $295.17 and its 200 day simple moving average is $271.69.

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

About monday.com

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.