Stephens Investment Management Group LLC Has $31.32 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Stephens Investment Management Group LLC trimmed its holdings in monday.com Ltd. (NASDAQ:MNDY) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,024 shares of the company’s stock after selling 689 shares during the quarter. Stephens Investment Management Group LLC owned 0.28% of monday.com worth $31,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MNDY. R Squared Ltd acquired a new position in shares of monday.com in the 4th quarter valued at $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the 3rd quarter worth approximately $43,000. Spire Wealth Management acquired a new stake in monday.com in the 4th quarter valued at $125,000. Vestcor Inc grew its position in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after acquiring an additional 124 shares during the period. Finally, Larson Financial Group LLC grew its position in monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after acquiring an additional 523 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $258.24 on Monday. The company has a 50 day moving average price of $249.33 and a two-hundred day moving average price of $261.41. The company has a market capitalization of $12.47 billion, a PE ratio of 629.85, a PEG ratio of 7.67 and a beta of 1.31. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $324.99.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, sell-side analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price on the stock. Loop Capital decreased 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. DA Davidson reiterated a “neutral” rating and issued a $300.00 target price on shares of monday.com in a research note on Tuesday, November 12th. Robert W. Baird increased their price target on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer lifted their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.68.

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.