Equitable Trust Co. Has $2.49 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

Equitable Trust Co. decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,566 shares of the company’s stock after selling 195 shares during the period. Equitable Trust Co.’s holdings in monday.com were worth $2,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of monday.com during the fourth quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com during the third quarter valued at about $43,000. Vestcor Inc raised its holdings in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the period. Spire Wealth Management acquired a new position in shares of monday.com during the fourth quarter valued at about $125,000. Finally, Larson Financial Group LLC raised its holdings in shares of monday.com by 645.7% during the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the topic of several research reports. Oppenheimer upped their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Piper Sandler upped their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday. William Blair restated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Canaccord Genuity Group upped their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on shares of monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.77.

monday.com Stock Up 26.5 %

monday.com stock opened at $326.58 on Tuesday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a 50 day moving average price of $250.37 and a 200-day moving average price of $262.04. The company has a market capitalization of $15.77 billion, a P/E ratio of 796.54, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released 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 net margin of 2.39% and a return on equity of 4.99%. Equities analysts expect that monday.com Ltd. will post 0.85 EPS 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.