Nuveen Asset Management LLC lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,338 shares of the company's stock after buying an additional 6,485 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of monday.com worth $23,859,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of MNDY. FMR LLC raised its holdings in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after buying an additional 1,189,858 shares during the period. Norges Bank purchased a new stake in monday.com during the 4th quarter worth approximately $116,686,000. T. Rowe Price Investment Management Inc. purchased a new stake in monday.com during the 4th quarter worth approximately $109,605,000. SG Americas Securities LLC increased its holdings in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after purchasing an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
monday.com Stock Up 3.0%
monday.com stock traded up $8.66 during mid-day trading on Tuesday, hitting $297.26. 233,569 shares of the company's stock traded hands, compared to its average volume of 759,586. The firm has a 50 day moving average price of $263.76 and a 200 day moving average price of $264.25. The company has a market cap of $15.09 billion, a PE ratio of 495.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company's quarterly revenue was up 30.2% compared to the same quarter last year. On average, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MNDY shares. Piper Sandler lifted their price objective on monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Robert W. Baird lifted their price objective on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Canaccord Genuity Group dropped their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Jefferies Financial Group decreased their target price on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and an average price target of $346.50.
Read Our Latest Stock Analysis on monday.com
About monday.com
(
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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