monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,364 shares of the company's stock after purchasing an additional 948 shares during the quarter. MetLife Investment Management LLC's holdings in monday.com were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in monday.com during the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of monday.com during the 4th quarter valued at $33,000. Signaturefd LLC boosted its stake in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

monday.com stock opened at $279.12 on Friday. monday.com Ltd. has a one year low of $180.66 and a one year high of $342.64. The company's fifty day moving average price is $257.06 and its two-hundred day moving average price is $265.95. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 465.20, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share 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%. As a group, sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MNDY. DA Davidson decreased their price target on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group decreased their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and cut their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Robert W. Baird raised their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Finally, KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, monday.com has a consensus rating of "Moderate Buy" and an average target price of $345.14.

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.

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