monday.com Target of Unusually High Options Trading (NASDAQ:MNDY)

monday.com Ltd. (NASDAQ:MNDY) was the target of some unusual options trading on Monday. Investors purchased 11,749 call options on the stock. This is an increase of approximately 408% compared to the typical volume of 2,311 call options.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Jefferies Financial Group increased their price objective on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson lifted their target price on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Barclays increased their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $353.32.

Institutional Investors Weigh In On monday.com

Several large investors have recently added to or reduced their stakes in MNDY. Prudential Financial Inc. boosted its holdings in shares of monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the period. Avior Wealth Management LLC boosted its stake in monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after acquiring an additional 67 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares during the period. Finally, Vestcor Inc increased its stake in monday.com by 16.0% in the fourth quarter. Vestcor Inc now owns 602 shares of the company’s stock valued at $142,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

monday.com stock opened at $327.92 on Wednesday. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 799.80, a PEG ratio of 7.67 and a beta of 1.31. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The firm has a 50 day moving average price of $251.31 and a two-hundred day moving average price of $262.68.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, equities research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

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.