monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,470 shares of the company’s stock after buying an additional 606 shares during the period. Asset Management One Co. Ltd.’s holdings in monday.com were worth $1,617,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MNDY. Crewe Advisors LLC raised its position in shares of monday.com by 44.9% in the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Quarry LP raised its position in shares of monday.com by 192.0% during the 1st quarter. Quarry LP now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares in the last quarter. Arlington Partners LLC raised its position in shares of monday.com by 104.1% during the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after acquiring an additional 126 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of monday.com by 26.8% during the 4th quarter. Advisors Asset Management Inc. now owns 383 shares of the company’s stock valued at $47,000 after acquiring an additional 81 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of monday.com during the 3rd quarter valued at approximately $48,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of monday.com in a research report on Tuesday, February 13th. Bank of America assumed coverage on monday.com in a research report on Monday, February 26th. They set a “buy” rating and a $280.00 price target on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $190.00 target price on shares of monday.com in a research report on Tuesday, February 13th. Jefferies Financial Group raised monday.com from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $230.00 in a research report on Friday, January 5th. Finally, Oppenheimer increased their target price on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.33.

monday.com Stock Performance

NASDAQ:MNDY opened at $193.11 on Friday. monday.com Ltd. has a 1 year low of $108.35 and a 1 year high of $239.22. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of -2,758.32 and a beta of 1.18. The business has a fifty day moving average of $219.26 and a 200-day moving average of $187.60.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The company had revenue of $202.60 million during the quarter, compared to analysts’ expectations of $197.97 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, equities research analysts predict that monday.com Ltd. will post -0.16 EPS for the current year.

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.