Oppenheimer & Co. Inc. Has $1.13 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

Oppenheimer & Co. Inc. trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,643 shares of the company's stock after selling 2,122 shares during the period. Oppenheimer & Co. Inc.'s holdings in monday.com were worth $1,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of monday.com during the fourth quarter worth $245,000. Bank of Montreal Can increased its stake in monday.com by 62.0% in the 4th quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock valued at $5,203,000 after buying an additional 8,454 shares during the last quarter. Bailard Inc. increased its stake in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after buying an additional 4,204 shares during the last quarter. Rubicon Global Capital Ltd acquired a new stake in monday.com in the 1st quarter valued at $137,434,000. Finally, Bank of New York Mellon Corp increased its stake in monday.com by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of MNDY stock traded up $2.44 during midday trading on Friday, hitting $307.96. 530,820 shares of the company were exchanged, compared to its average volume of 739,722. The firm has a market capitalization of $15.64 billion, a P/E ratio of 314.24, a PEG ratio of 111.43 and a beta of 1.30. The firm's 50 day moving average price is $287.44 and its two-hundred day moving average price is $267.63. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its 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 business had revenue of $282.25 million during the quarter, compared to the consensus estimate 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 was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MNDY shares. Jefferies Financial Group lowered 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 note on Monday, March 31st. Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. Morgan Stanley started coverage on shares of monday.com in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price target on the stock. Scotiabank lifted their price target on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $325.00 price target on shares of monday.com in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $347.09.

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.