Summit Trail Advisors LLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,942 shares of the company's stock after buying an additional 9,529 shares during the period. monday.com accounts for 0.5% of Summit Trail Advisors LLC's holdings, making the stock its 22nd biggest holding. Summit Trail Advisors LLC owned about 0.12% of monday.com worth $14,575,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management boosted its stake in 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 acquiring 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 valued at $3,179,000 after purchasing an additional 44 shares during the period. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 52 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares during the period. Finally, Vestcor Inc grew its stake in shares of monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock valued at $142,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Performance
NASDAQ:MNDY traded down $3.90 during trading hours on Wednesday, reaching $299.86. The stock had a trading volume of 366,338 shares, compared to its average volume of 738,727. The stock has a market cap of $15.22 billion, a P/E ratio of 305.98, a price-to-earnings-growth ratio of 109.91 and a beta of 1.30. The stock has a 50 day simple moving average of $290.47 and a 200 day simple moving average of $268.06. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced 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 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 for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. On average, equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MNDY. JPMorgan Chase & Co. cut their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Loop Capital decreased their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley initiated coverage on shares of monday.com in a report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Finally, UBS Group lowered their target price 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. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $347.09.
Read Our Latest 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.
Further Reading
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
