Vanguard Group Inc. Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Vanguard Group Inc. boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 69,888 shares of the company’s stock after purchasing an additional 1,426 shares during the period. Vanguard Group Inc.’s holdings in monday.com were worth $16,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MNDY. LPL Financial LLC boosted its holdings in shares of monday.com by 10.2% in the 4th quarter. LPL Financial LLC now owns 17,405 shares of the company’s stock valued at $4,098,000 after acquiring an additional 1,605 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of monday.com during the 4th quarter valued at about $292,000. KLP Kapitalforvaltning AS acquired a new position in shares of monday.com in the 4th quarter valued at about $2,672,000. American Century Companies Inc. boosted its stake in shares of monday.com by 5.7% in the fourth quarter. American Century Companies Inc. now owns 2,622 shares of the company’s stock worth $617,000 after buying an additional 141 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in monday.com by 56.3% during the fourth quarter. Quantbot Technologies LP now owns 16,718 shares of the company’s stock worth $3,936,000 after acquiring an additional 6,022 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MNDY shares. Loop Capital dropped their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Jefferies Financial Group cut their price objective on shares of monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. raised their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, Piper Sandler raised their price objective on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and an average target price of $349.91.

monday.com Stock Down 0.3 %

NASDAQ:MNDY opened at $250.34 on Thursday. The company has a market capitalization of $12.71 billion, a P/E ratio of 417.23, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The stock’s fifty day moving average is $269.64 and its two-hundred day moving average is $267.45.

monday.com (NASDAQ:MNDY) last announced its quarterly 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 net margin of 3.33% and a return on equity of 6.22%. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.