Sterling Capital Management LLC raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,050 shares of the company's stock after acquiring an additional 6,314 shares during the quarter. Sterling Capital Management LLC's holdings in monday.com were worth $4,014,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com during the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the 4th quarter valued at $28,000. R Squared Ltd bought a new position in monday.com during the fourth quarter worth $33,000. Signaturefd LLC increased its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the period. Institutional investors own 73.70% of the company's stock.
monday.com Stock Performance
Shares of NASDAQ:MNDY traded down $4.06 during midday trading on Friday, hitting $246.28. 551,631 shares of the stock were exchanged, compared to its average volume of 806,248. The business's 50-day moving average price is $268.04 and its 200 day moving average price is $267.24. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 410.47, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Canaccord Genuity Group upped their price objective on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and reduced their target price for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Barclays lifted their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company increased their target price on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $349.91.
Read Our Latest Research Report on MNDY
About monday.com
(
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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