1,210 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,210 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its position in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com during the 4th quarter valued at $245,000. Pathstone Holdings LLC boosted its holdings in monday.com by 22.3% during the 3rd quarter. Pathstone Holdings LLC now owns 18,249 shares of the company’s stock worth $5,069,000 after acquiring an additional 3,332 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of monday.com by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company’s stock worth $29,009,000 after acquiring an additional 10,285 shares in the last quarter. Finally, Bailard Inc. raised its holdings in shares of monday.com by 147.5% in the fourth quarter. Bailard Inc. now owns 7,055 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,204 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler upped their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group lifted their price target on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Tigress Financial raised their target price on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. 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 analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $265.45 on Friday. The stock has a fifty day moving average of $269.57 and a 200-day moving average of $269.50. The stock has a market cap of $12.82 billion, a PE ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

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 the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

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.