Legal Advantage Investments Inc. Buys New Shares in monday.com Ltd. (NASDAQ:MNDY)

Legal Advantage Investments Inc. bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $235,000.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares in the last quarter. Jennison Associates LLC increased its holdings in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after acquiring an additional 14,304 shares during the last quarter. State Street Corp increased its holdings in monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after acquiring an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in monday.com by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock valued at $150,079,000 after acquiring an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY opened at $242.05 on Tuesday. The stock has a market capitalization of $11.69 billion, a PE ratio of 590.37, a PEG ratio of 6.00 and a beta of 1.30. The company has a 50 day moving average price of $255.36 and a 200-day moving average price of $259.63. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. monday.com’s revenue was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Equities research analysts forecast that monday.com Ltd. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MNDY. Piper Sandler reduced their price target on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. KeyCorp downgraded shares of monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Barclays boosted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. TD Cowen boosted their target price on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Scotiabank reduced their target price on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.48.

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.