11,761 Shares in monday.com Ltd. $MNDY Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC acquired a new position in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,761 shares of the company’s stock, valued at approximately $1,735,000.

A number of other institutional investors have also modified their holdings of MNDY. NewEdge Advisors LLC increased its position in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. Advisory Services Network LLC purchased a new position in shares of monday.com during the third quarter worth approximately $28,000. Abound Wealth Management purchased a new position in shares of monday.com during the fourth quarter worth approximately $30,000. Smartleaf Asset Management LLC increased its position in shares of monday.com by 575.8% during the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after acquiring an additional 190 shares during the period. Finally, Huntington National Bank increased its position in shares of monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after acquiring an additional 302 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Performance

NASDAQ MNDY opened at $81.70 on Thursday. The firm’s 50 day moving average price is $73.17 and its 200-day moving average price is $99.56. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $316.98. The company has a market cap of $4.18 billion, a PE ratio of 35.52, a P/E/G ratio of 4.17 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.27 million for the quarter. On average, analysts forecast that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MNDY shares. Guggenheim set a $130.00 target price on shares of monday.com and gave the stock a “buy” rating in a research report on Thursday, April 9th. Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup dropped their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.48.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.