Assetmark Inc. Acquires 376 Shares of monday.com Ltd. (NASDAQ:MNDY)

Assetmark Inc. raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,586 shares of the company’s stock after purchasing an additional 376 shares during the period. Assetmark Inc.’s holdings in monday.com were worth $1,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com during the third quarter valued at $43,000. Ridgewood Investments LLC purchased a new position in monday.com in the 2nd quarter worth about $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of monday.com during the 2nd quarter valued at about $69,000. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after acquiring an additional 356 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 0.1 %

NASDAQ:MNDY opened at $268.90 on Friday. The firm has a fifty day simple moving average of $280.09 and a 200-day simple moving average of $247.65. monday.com Ltd. has a 12 month low of $162.06 and a 12 month high of $324.99. The company has a market capitalization of $12.98 billion, a P/E ratio of 655.85, a PEG ratio of 12.15 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 5.15%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 49.5% on a year-over-year basis. Equities analysts forecast that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MNDY. Citigroup boosted their price objective on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Bank of America increased their price target on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Needham & Company LLC raised their price target on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upped their price objective on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.10.

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.