USS Investment Management Ltd Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

USS Investment Management Ltd purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,371 shares of the company's stock, valued at approximately $1,736,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in monday.com during the 4th quarter valued at approximately $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MNDY. Loop Capital cut their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Canaccord Genuity Group cut their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. The Goldman Sachs Group raised their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, DA Davidson dropped their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $346.50.

monday.com Stock Down 0.6%

NASDAQ MNDY traded down $1.87 during trading on Thursday, hitting $295.33. 140,701 shares of the stock traded hands, compared to its average volume of 755,392. The company has a market capitalization of $14.99 billion, a P/E ratio of 490.92, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The firm has a 50-day simple moving average of $265.08 and a 200-day simple moving average of $264.72. 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 issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The firm 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 6.22% and a net margin of 3.33%. monday.com's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. As a group, research analysts predict 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.