Hsbc Holdings PLC Purchases 5,247 Shares of monday.com Ltd. (NASDAQ:MNDY)

Hsbc Holdings PLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 54.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,828 shares of the company's stock after acquiring an additional 5,247 shares during the period. Hsbc Holdings PLC's holdings in monday.com were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of monday.com in the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of monday.com in the 4th quarter worth about $33,000. Signaturefd LLC increased its stake in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their price target on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. raised their price objective on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Cantor Fitzgerald increased their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Citigroup raised monday.com from a "neutral" rating to a "buy" rating and cut their target price for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $345.14.

monday.com Stock Up 0.7 %

NASDAQ MNDY traded up $1.99 on Friday, reaching $279.12. 553,792 shares of the stock traded hands, compared to its average volume of 798,403. The firm's fifty day simple moving average is $257.06 and its 200 day simple moving average is $265.95. monday.com Ltd. has a 12 month low of $180.66 and a 12 month high of $342.64. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 465.20, a P/E/G ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.