Northern Trust Corp increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,404 shares of the company's stock after buying an additional 52,804 shares during the quarter. Northern Trust Corp owned about 0.81% of monday.com worth $91,917,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MNDY. FMR LLC boosted its position in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the last quarter. Norges Bank acquired a new position in shares of monday.com in the 4th quarter valued at $116,686,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of monday.com during the 4th quarter worth $109,605,000. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after buying an additional 434,035 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after buying an additional 403,255 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.
monday.com Stock Performance
MNDY opened at $279.12 on Monday. The company has a market capitalization of $14.17 billion, a P/E ratio of 465.20, a PEG ratio of 16.53 and a beta of 1.34. The company has a 50-day moving average of $257.06 and a 200-day moving average of $265.69. monday.com Ltd. has a 1-year low of $180.66 and a 1-year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Robert W. Baird raised their price objective on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. 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. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group upped their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, UBS Group cut their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $345.14.
View Our Latest Research Report on MNDY
monday.com Profile
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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.
Further Reading
Want to see what other hedge funds are holding MNDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for monday.com Ltd. (NASDAQ:MNDY - Free Report).
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