Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 94 Shares of monday.com Ltd. (NASDAQ:MNDY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 0.4% in the fourth quarter, Holdings Channel reports. The fund owned 26,449 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in monday.com were worth $6,227,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares during the period. Jennison Associates LLC lifted its stake in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after acquiring an additional 100,333 shares during the period. Westfield Capital Management Co. LP lifted its stake in monday.com by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after acquiring an additional 14,304 shares during the period. State Street Corp lifted its stake in monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after acquiring an additional 21,585 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after acquiring an additional 15,300 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNDY. 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 note on Monday, February 10th. Jefferies Financial Group increased their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays increased their price target on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group increased their price target on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Trading Up 0.3 %

Shares of NASDAQ:MNDY opened at $265.45 on Friday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company’s 50 day moving average is $269.57 and its 200 day moving average is $269.63. The company 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 (NASDAQ:MNDY) last issued 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 return on equity of 6.22% and a net margin of 3.33%. Equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

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.