Russell Investments Group Ltd. boosted its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 176.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,292 shares of the company's stock after purchasing an additional 16,776 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of monday.com worth $6,190,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after acquiring an additional 100,333 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after buying an additional 403,255 shares during the period. Arrowstreet Capital Limited Partnership grew its position in monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after buying an additional 96,222 shares in the last quarter. Norges Bank bought a new position in monday.com during the 4th quarter worth $116,686,000. Finally, SG Americas Securities LLC raised its holdings in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Analysts Set New Price Targets
MNDY has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price target on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their target price on monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and an average target price of $349.91.
Read Our Latest Report on monday.com
monday.com Trading Down 1.6 %
NASDAQ:MNDY traded down $4.06 on Friday, reaching $246.28. 551,631 shares of the stock traded hands, compared to its average volume of 806,194. The company's 50 day moving average is $266.40 and its 200-day moving average is $267.08. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The firm has a market capitalization 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 released 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 net margin of 3.33% and a return on equity of 6.22%. On average, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
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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