Nomura Asset Management Co. Ltd. Acquires 1,410 Shares of monday.com Ltd. (NASDAQ:MNDY)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,510 shares of the company’s stock after purchasing an additional 1,410 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in monday.com were worth $2,919,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. FMR LLC raised its position in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares in the last quarter. Jennison Associates LLC raised its position in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after purchasing an additional 313,279 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after purchasing an additional 188,800 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of monday.com by 171.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock worth $65,938,000 after purchasing an additional 172,919 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $273.08 on Friday. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 666.05, a PEG ratio of 7.75 and a beta of 1.25. The firm’s 50-day moving average is $285.81 and its two-hundred day moving average is $258.24.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their price target on shares of monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Capital One Financial initiated coverage on shares of monday.com in a research report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective on the stock. Wells Fargo & Company boosted their target price on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Loop Capital upped their target price on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $310.81.

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.