Palumbo Wealth Management LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 32.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,867 shares of the company's stock after buying an additional 1,197 shares during the period. Palumbo Wealth Management LLC's holdings in monday.com were worth $1,183,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Oppenheimer & Co. Inc. grew its holdings in monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after acquiring an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com in the 4th quarter valued at $245,000. Bank of Montreal Can boosted its holdings in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the last quarter. Bailard Inc. grew its holdings in shares of monday.com by 147.5% in the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,204 shares in the last quarter. Finally, Rubicon Global Capital Ltd bought a new stake in shares of monday.com during the 1st quarter worth $137,434,000. 73.70% of the stock is owned by institutional investors.
monday.com Stock Performance
monday.com stock traded up $7.16 during midday trading on Thursday, hitting $305.52. 374,210 shares of the company's stock were exchanged, compared to its average volume of 739,558. The company has a market cap of $15.51 billion, a P/E ratio of 311.76, a PEG ratio of 107.96 and a beta of 1.30. The stock has a 50-day moving average price of $286.21 and a two-hundred day moving average price of $267.48. 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 issued its quarterly earnings data 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%. monday.com's revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently commented on MNDY. Loop Capital lowered their price target 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. Wells Fargo & Company set a $365.00 target price on monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. dropped their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Barclays cut their price target on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group decreased their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.09.
Check Out Our Latest Research Report on monday.com
monday.com Company Profile
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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.
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