Northern Trust Corp Has $91.92 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Northern Trust Corp increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,404 shares of the company's stock after acquiring an additional 52,804 shares during the period. Northern Trust Corp owned approximately 0.81% of monday.com worth $91,917,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC grew its stake in shares of monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after purchasing an additional 44 shares during the last quarter. Prudential Financial Inc. boosted its holdings in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC grew its position in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc lifted its position in shares of monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock valued at $142,000 after acquiring an additional 83 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MNDY shares. Tigress Financial boosted their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Robert W. Baird upped their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Jefferies Financial Group dropped their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and reduced their price target for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, Piper Sandler cut their target price on shares of monday.com from $385.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, monday.com currently has an average rating of "Moderate Buy" and an average price target of $342.86.

monday.com Trading Down 1.2 %

monday.com stock traded down $3.45 during trading hours on Friday, reaching $278.24. 1,294,916 shares of the company were exchanged, compared to its average volume of 793,164. monday.com Ltd. has a 12 month low of $180.66 and a 12 month high of $342.64. The stock has a 50-day moving average of $255.69 and a 200 day moving average of $265.49. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 463.73, a PEG ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last posted 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 return on equity of 6.22% and a net margin of 3.33%. As a group, research analysts forecast that monday.com Ltd. will post 0.46 EPS 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.