USS Investment Management Ltd Purchases Shares of 7,371 monday.com Ltd. (NASDAQ:MNDY)

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.

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

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.