Motley Fool Asset Management LLC Acquires Shares of 11,761 monday.com Ltd. $MNDY

Motley Fool Asset Management LLC acquired 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 SEC. The institutional investor acquired 11,761 shares of the company’s stock, valued at approximately $1,735,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital World Investors boosted its holdings in shares of monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after purchasing an additional 1,569,198 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of monday.com by 2.2% during the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock valued at $106,783,000 after purchasing an additional 15,377 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of monday.com by 7.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock valued at $134,289,000 after purchasing an additional 46,999 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of monday.com by 5.4% during the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after purchasing an additional 33,963 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 1.8%

Shares of NASDAQ:MNDY opened at $81.70 on Thursday. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The company has a 50-day moving average price of $73.17 and a 200 day moving average price of $99.56. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 4.17 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $351.27 million during the quarter. As a group, equities analysts forecast that monday.com Ltd. will post 1.59 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the subject of several research reports. TD Cowen increased their price objective on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Oppenheimer set a $115.00 price target on shares of monday.com in a report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Finally, Piper Sandler increased their price target on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.48.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.