monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,379 shares of the company’s stock after acquiring an additional 14,304 shares during the period. monday.com accounts for about 0.8% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 27th biggest holding. Westfield Capital Management Co. LP’s holdings in monday.com were worth $166,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its position 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 worth $168,000 after buying an additional 523 shares during the period. Penserra Capital Management LLC boosted its position in shares of monday.com by 21.1% during the third quarter. Penserra Capital Management LLC now owns 4,665 shares of the company’s stock worth $1,295,000 after buying an additional 813 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of monday.com by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company’s stock worth $6,677,000 after buying an additional 1,353 shares during the period. Brown Capital Management LLC lifted its position in monday.com by 2.4% in the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company’s stock worth $30,755,000 after purchasing an additional 2,583 shares during the period. Finally, Jennison Associates LLC lifted its position in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Up 3.0 %

monday.com stock opened at $284.59 on Friday. The stock has a market cap of $13.74 billion, a P/E ratio of 694.12, a P/E/G ratio of 7.70 and a beta of 1.31. monday.com Ltd. has a 12 month low of $170.00 and a 12 month high of $324.99. The company’s fifty day simple moving average is $282.14 and its 200-day simple moving average is $251.25.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, equities research analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen upped their target price on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays upped their target price on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Robert W. Baird upped their target price on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Oppenheimer upped their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $310.81.

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.