RiverPark Advisors LLC Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

RiverPark Advisors LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 290.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,660 shares of the company's stock after purchasing an additional 1,235 shares during the period. RiverPark Advisors LLC's holdings in monday.com were worth $391,000 at the end of the most recent reporting period.

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

monday.com Trading Down 0.1 %

Shares of monday.com stock traded down $0.19 during trading on Tuesday, hitting $274.38. 183,195 shares of the stock traded hands, compared to its average volume of 801,615. The firm has a market cap of $13.93 billion, a P/E ratio of 458.56, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 52-week low of $179.02 and a 52-week high of $342.64. The stock's fifty day simple moving average is $258.88 and its 200 day simple moving average is $265.93.

monday.com (NASDAQ:MNDY - Get Free Report) last posted 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%. As a group, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MNDY. DA Davidson lowered 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. Cantor Fitzgerald raised their price target on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Jefferies Financial Group lowered their price target on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Piper Sandler lowered their price target on monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC raised their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $344.45.

monday.com 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.