Lbp Am Sa Acquires New Position in monday.com Ltd. (NASDAQ:MNDY)

Lbp Am Sa purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,579 shares of the company’s stock, valued at approximately $1,549,000.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after acquiring an additional 1,318 shares during the last quarter. Jennison Associates LLC raised its stake in monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of monday.com during the fourth quarter valued at approximately $245,000. Swiss National Bank raised its position in shares of monday.com by 2.2% during the third quarter. Swiss National Bank now owns 111,400 shares of the company’s stock valued at $30,944,000 after buying an additional 2,400 shares during the last quarter. Finally, Brown Capital Management LLC raised its position in shares of monday.com by 2.4% during the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company’s stock valued at $30,755,000 after buying an additional 2,583 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 5.6 %

Shares of NASDAQ MNDY opened at $255.87 on Friday. The business’s 50 day moving average price is $265.97 and its 200 day moving average price is $269.54. The firm has a market cap of $12.35 billion, a P/E ratio of 426.45, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 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%. As a group, research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of recent research reports. Scotiabank raised their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, February 11th. Piper Sandler lifted their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Canaccord Genuity Group lifted their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $358.32.

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.