T. Rowe Price Investment Management Inc. purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 465,531 shares of the company's stock, valued at approximately $109,605,000. T. Rowe Price Investment Management Inc. owned about 0.96% of monday.com as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Barclays PLC lifted its stake in monday.com by 225.8% in the 3rd quarter. Barclays PLC now owns 17,427 shares of the company's stock valued at $4,840,000 after purchasing an additional 12,078 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of monday.com during the third quarter worth $469,000. American Trust bought a new position in shares of monday.com in the 3rd quarter valued at $204,000. Principal Financial Group Inc. boosted its holdings in shares of monday.com by 35.8% during the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock valued at $14,807,000 after acquiring an additional 14,059 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in monday.com by 17.2% during the 4th quarter. CWA Asset Management Group LLC now owns 3,199 shares of the company's stock worth $753,000 after acquiring an additional 470 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Price Performance
Shares of monday.com stock traded down $0.26 during trading on Wednesday, reaching $276.04. 120,082 shares of the company traded hands, compared to its average volume of 800,593. The firm has a market capitalization of $14.02 billion, a PE ratio of 460.07, a P/E/G ratio of 16.53 and a beta of 1.34. The company has a 50 day moving average price of $258.24 and a 200-day moving average price of $266.00. monday.com Ltd. has a 1-year low of $179.02 and a 1-year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 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%. Equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on MNDY shares. Robert W. Baird lifted their price target on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. UBS Group decreased their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, DA Davidson decreased their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $344.45.
Get Our Latest Stock Report on MNDY
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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