monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,177 shares of the company’s stock after purchasing an additional 465 shares during the quarter. Commonwealth Equity Services LLC’s holdings in monday.com were worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MNDY. Vestcor Inc increased its position in shares of monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock valued at $142,000 after acquiring an additional 83 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of monday.com by 72.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,201 shares of the company’s stock valued at $1,224,000 after purchasing an additional 2,190 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of monday.com by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,534 shares of the company’s stock worth $3,657,000 after purchasing an additional 1,296 shares during the last quarter. Taika Capital LP acquired a new stake in shares of monday.com during the fourth quarter worth about $2,351,000. Finally, PNC Financial Services Group Inc. boosted its position in monday.com by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,818 shares of the company’s stock valued at $1,841,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 7.8 %

Shares of NASDAQ MNDY opened at $262.18 on Wednesday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 436.97, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The company’s 50-day simple moving average is $273.31 and its 200-day simple moving average is $270.37. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company upped their price target on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Cantor Fitzgerald lifted their price objective on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average target price of $352.64.

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.