Virtu Financial LLC Purchases Shares of 4,709 monday.com Ltd. (NASDAQ:MNDY)

Key Points

• Virtu Financial LLC acquired 4,709 shares of monday.com Ltd. (NASDAQ:MNDY), valued at approximately $1,145,000, during the first quarter, as reported in its latest 13F filing.
• monday.com has shown a 26.6% year-over-year revenue increase, totaling $299.01 million in the last quarter, surpassing analysts' expectations.
• Wall Street analysts generally favor monday.com, with a consensus rating of "Moderate Buy"* and an average price target of $334.68 for its shares.

Virtu Financial LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,709 shares of the company's stock, valued at approximately $1,145,000.

Other institutional investors have also added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com during the 1st quarter valued at $25,000. Grove Bank & Trust bought a new stake in shares of monday.com during the 1st quarter valued at $30,000. First Horizon Advisors Inc. lifted its position in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the period. Signaturefd LLC lifted its position in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after acquiring an additional 73 shares during the period. Finally, Farther Finance Advisors LLC lifted 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 valued at $55,000 after acquiring an additional 52 shares during the period. 73.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MNDY. Needham & Company LLC cut their target price on monday.com from $400.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Scotiabank upped their target price on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. DA Davidson cut their target price on monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays cut their target price on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group cut their target price on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average price target of $305.18.

monday.com Trading Down 0.7%

MNDY traded down $1.18 on Friday, reaching $175.74. The stock had a trading volume of 1,660,523 shares, compared to its average volume of 1,540,328. monday.com Ltd. has a fifty-two week low of $171.54 and a fifty-two week high of $342.64. The firm has a 50-day moving average of $276.72 and a 200-day moving average of $274.37. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 237.49, a price-to-earnings-growth ratio of 5.95 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%. The firm had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the previous year, the company posted $0.94 EPS. The business's revenue was up 26.6% on a year-over-year basis. Sell-side analysts anticipate 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.