WoodTrust Financial Corp acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,050 shares of the company's stock, valued at approximately $255,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the period. Rubicon Global Capital Ltd acquired a new stake in shares of monday.com during the 1st quarter valued at approximately $137,434,000. CIBC Private Wealth Group LLC lifted its position in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after acquiring an additional 403,255 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of monday.com by 23.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after acquiring an additional 96,222 shares during the period. Finally, Norges Bank acquired a new stake in shares of monday.com during the 4th quarter valued at approximately $116,686,000. Hedge funds and other institutional investors own 73.70% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MNDY shares. Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the company an "overweight" rating in a research report on Friday, June 13th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of monday.com in a research report on Tuesday, May 13th. DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. cut their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus price target of $347.09.
Read Our Latest Research Report on monday.com
monday.com Stock Performance
MNDY stock opened at $288.69 on Tuesday. The stock has a market capitalization of $14.66 billion, a P/E ratio of 294.58, a PEG ratio of 101.48 and a beta of 1.30. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64. The company has a 50 day moving average price of $283.08 and a two-hundred day moving average price of $266.93.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same period in the previous year, the company earned $0.61 EPS. monday.com's revenue for the quarter was up 30.2% on a year-over-year basis. Research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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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