Intech Investment Management LLC Acquires Shares of 1,724 monday.com Ltd. (NASDAQ:MNDY)

Intech Investment Management LLC bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDYFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,724 shares of the company’s stock, valued at approximately $324,000.

Several other large investors also recently added to or reduced their stakes in MNDY. Allspring Global Investments Holdings LLC purchased a new stake in shares of monday.com in the 3rd quarter worth approximately $118,000. Yousif Capital Management LLC purchased a new position in monday.com in the 3rd quarter valued at about $213,000. Principal Financial Group Inc. grew its position in shares of monday.com by 14.2% in the third quarter. Principal Financial Group Inc. now owns 1,682 shares of the company’s stock valued at $268,000 after purchasing an additional 209 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of monday.com by 26.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $923,000 after buying an additional 1,200 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of monday.com by 6.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 55,120 shares of the company’s stock worth $8,776,000 after acquiring an additional 3,540 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

MNDY stock opened at $224.40 on Friday. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 590.54 and a beta of 1.24. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $249.00. The firm has a fifty day moving average price of $207.82 and a two-hundred day moving average price of $202.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Oppenheimer increased their target price on monday.com from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. raised their price objective on shares of monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Canaccord Genuity Group upped their target price on monday.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Tigress Financial lifted their price objective on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and cut their price target for the stock from $277.00 to $250.00 in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Read Our Latest Stock Report on monday.com

monday.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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