Left Brain Wealth Management LLC Invests $372,000 in monday.com Ltd. (NASDAQ:MNDY)

Left Brain Wealth Management LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,580 shares of the company’s stock, valued at approximately $372,000.

Other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of monday.com in the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in monday.com during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC grew its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Finally, Cromwell Holdings LLC grew its stake in monday.com by 372.7% during the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 3.1 %

Shares of NASDAQ:MNDY opened at $242.37 on Friday. The stock’s 50-day moving average price is $265.56 and its 200-day moving average price is $269.52. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The stock has a market capitalization of $11.70 billion, a P/E ratio of 403.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data 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%. As a group, research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Cantor Fitzgerald boosted their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. 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 note on Tuesday, February 11th. Finally, Jefferies Financial Group boosted their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and an average target price of $358.32.

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.