Keystone Investors PTE Ltd. Invests $2.16 Million in monday.com Ltd. (NASDAQ:MNDY)

Keystone Investors PTE Ltd. purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,178 shares of the company’s stock, valued at approximately $2,161,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MNDY. TIAA Trust National Association purchased a new position in shares of monday.com in the fourth quarter worth $11,893,000. Prudential Financial Inc. lifted its stake in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after acquiring an additional 53 shares during the period. Vanguard Group Inc. boosted its holdings in shares of monday.com by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 69,888 shares of the company’s stock valued at $16,454,000 after acquiring an additional 1,426 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of monday.com by 10.2% during the 4th quarter. LPL Financial LLC now owns 17,405 shares of the company’s stock valued at $4,098,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of monday.com during the fourth quarter valued at approximately $292,000. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 4.2 %

Shares of MNDY stock opened at $276.52 on Tuesday. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 460.87, a PEG 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. The company’s 50 day moving average is $270.84 and its 200 day moving average is $269.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on MNDY shares. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and cut their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Cantor Fitzgerald lifted their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a report on Tuesday, February 11th. Scotiabank dropped their target price on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Finally, Jefferies Financial Group increased their price target on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.45.

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.