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

Stephens Investment Management Group LLC lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,526 shares of the company's stock after purchasing an additional 6,502 shares during the quarter. 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 also recently made changes to their positions in the company. Spire Wealth Management boosted its position in shares of monday.com by 7.9% during the first quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after purchasing an additional 42 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of 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 during the period. Farther Finance Advisors LLC raised its holdings 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 worth $55,000 after acquiring an additional 52 shares during the period. Prudential Financial Inc. raised 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 worth $970,000 after acquiring an additional 53 shares during the period. Finally, First Horizon Advisors Inc. raised 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 worth $40,000 after acquiring an additional 70 shares during the period. 73.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MNDY. Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the stock an "overweight" rating in a report on Friday, June 13th. Loop Capital dropped their price objective on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. UBS Group dropped their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Canaccord Genuity Group dropped their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $349.23.

monday.com Trading Up 1.0%

Shares of monday.com stock traded up $2.84 during trading on Wednesday, hitting $287.05. 421,136 shares of the stock were exchanged, compared to its average volume of 737,762. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 189.47, a price-to-earnings-growth ratio of 102.84 and a beta of 1.30. The company has a fifty day moving average price of $295.69 and a 200-day moving average price of $272.17. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64.

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