USS Investment Management Ltd purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,371 shares of the company's stock, valued at approximately $1,736,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in monday.com during the 4th quarter worth approximately $33,000. Signaturefd LLC boosted its position in 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 boosted its position in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the period. 73.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on MNDY. Barclays cut their target price on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their target price on shares of monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their price target on shares of monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Canaccord Genuity Group reduced their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Loop Capital reduced their price objective on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $346.50.
Check Out Our Latest Stock Report on MNDY
monday.com Stock Performance
Shares of NASDAQ MNDY traded up $10.51 during trading on Tuesday, hitting $299.11. 408,911 shares of the company traded hands, compared to its average volume of 760,263. The business's fifty day moving average is $263.76 and its 200 day moving average is $264.25. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 498.52, a P/E/G ratio of 16.53 and a beta of 1.32.
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, beating the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.
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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