Jump Financial LLC Acquires 53,240 Shares of monday.com Ltd. (NASDAQ:MNDY)

Jump Financial LLC grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 118.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,046 shares of the company's stock after purchasing an additional 53,240 shares during the period. monday.com makes up approximately 0.5% of Jump Financial LLC's holdings, making the stock its 27th largest holding. Jump Financial LLC owned approximately 0.20% of monday.com worth $23,084,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP purchased a new stake in monday.com during the third quarter worth approximately $214,000. Wellington Management Group LLP boosted its position in monday.com by 2.5% during the 3rd quarter. Wellington Management Group LLP now owns 28,132 shares of the company's stock worth $7,814,000 after purchasing an additional 687 shares during the period. Barclays PLC increased its holdings in monday.com by 225.8% in the 3rd quarter. Barclays PLC now owns 17,427 shares of the company's stock valued at $4,840,000 after purchasing an additional 12,078 shares in the last quarter. Geode Capital Management LLC raised its position in monday.com by 4.1% in the third quarter. Geode Capital Management LLC now owns 330,777 shares of the company's stock valued at $91,447,000 after purchasing an additional 12,968 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of monday.com during the third quarter worth about $469,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Scotiabank lowered their target price on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Canaccord Genuity Group lifted their target price on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Tigress Financial raised their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $349.91.

monday.com Stock Performance

Shares of MNDY stock traded down $4.06 during mid-day trading on Friday, hitting $246.28. 551,631 shares of the stock traded hands, compared to its average volume of 806,034. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company's 50-day simple moving average is $266.40 and its 200-day simple moving average is $267.05. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 410.47, a price-to-earnings-growth 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 net margin of 3.33% and a return on equity of 6.22%. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share 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.