Oak Ridge Investments LLC Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Oak Ridge Investments LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,687 shares of the company’s stock, valued at approximately $633,000.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com during the third quarter valued at approximately $43,000. Toronto Dominion Bank acquired a new position in shares of monday.com during the 2nd quarter worth $120,000. Vestcor Inc lifted its position in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after buying an additional 124 shares during the last quarter. Larson Financial Group LLC boosted its stake in monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its position in monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 0.6 %

Shares of monday.com stock opened at $242.05 on Monday. The company has a market cap of $11.69 billion, a P/E ratio of 590.37, a PEG ratio of 5.41 and a beta of 1.30. The business has a 50-day moving average price of $256.02 and a two-hundred day moving average price of $259.64. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99.

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

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research reports. KeyCorp cut shares of monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Wells Fargo & Company raised their target price on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Oppenheimer upped their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their price target for the company from $302.00 to $298.00 in a research note on Thursday. Finally, Cantor Fitzgerald began coverage on monday.com in a research report on Friday. They set an “overweight” rating and a $292.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $310.48.

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.