Dakota Wealth Management Buys 330 Shares of monday.com Ltd. (NASDAQ:MNDY)

Dakota Wealth Management lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,454 shares of the company’s stock after purchasing an additional 330 shares during the period. Dakota Wealth Management’s holdings in monday.com were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MNDY. International Assets Investment Management LLC bought a new position in shares of monday.com in the fourth quarter worth about $25,925,000. Allspring Global Investments Holdings LLC lifted its stake in monday.com by 80.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,330 shares of the company’s stock worth $250,000 after acquiring an additional 591 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in monday.com by 19.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,864 shares of the company’s stock worth $8,989,000 after acquiring an additional 7,955 shares during the period. Mackenzie Financial Corp purchased a new stake in monday.com in the fourth quarter worth about $253,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in monday.com by 13.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,061 shares of the company’s stock worth $2,265,000 after acquiring an additional 1,460 shares during the period. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MNDY. KeyCorp lowered their price objective on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group increased their price target on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Needham & Company LLC increased their price target on shares of monday.com from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 12th. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. Finally, Bank of America increased their price target on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus target price of $282.63.

monday.com Stock Down 2.1 %

Shares of NASDAQ MNDY traded down $5.79 during midday trading on Tuesday, reaching $264.21. 210,013 shares of the stock were exchanged, compared to its average volume of 795,466. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 710.53, a PEG ratio of 43.41 and a beta of 1.30. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $272.77. The firm has a 50-day simple moving average of $233.13 and a two-hundred day simple moving average of $220.43.

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.