Commonwealth Equity Services LLC Grows Holdings in monday.com Ltd. (NASDAQ:MNDY)

Commonwealth Equity Services LLC lifted its position in shares of monday.com Ltd. (NASDAQ:MNDYFree Report) by 21.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,213 shares of the company’s stock after buying an additional 575 shares during the period. Commonwealth Equity Services LLC’s holdings in monday.com were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MNDY. WCM Investment Management LLC acquired a new position in monday.com in the 1st quarter worth $728,521,000. 1832 Asset Management L.P. boosted its holdings in shares of monday.com by 12.1% during the fourth quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock valued at $161,573,000 after acquiring an additional 92,600 shares during the period. Jennison Associates LLC acquired a new position in monday.com during the 4th quarter valued at about $131,086,000. Eventide Asset Management LLC grew its holdings in monday.com by 100.3% in the 4th quarter. Eventide Asset Management LLC now owns 407,870 shares of the company’s stock worth $76,602,000 after buying an additional 204,253 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of monday.com by 23.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 351,518 shares of the company’s stock valued at $66,019,000 after purchasing an additional 66,471 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 2.7 %

Shares of NASDAQ:MNDY opened at $237.74 on Wednesday. The business has a fifty day simple moving average of $222.24 and a 200 day simple moving average of $212.51. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $251.48. The firm has a market cap of $11.48 billion, a P/E ratio of 625.65, a P/E/G ratio of 49.79 and a beta of 1.30.

monday.com (NASDAQ:MNDYGet Free Report) last issued its earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The business had revenue of $216.91 million for the quarter, compared to analyst estimates of $210.33 million. As a group, equities research analysts expect that monday.com Ltd. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNDY. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of monday.com in a report on Monday, June 17th. The Goldman Sachs Group raised their target price on shares of monday.com from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Wolfe Research began coverage on monday.com in a research note on Tuesday. They issued an “outperform” rating and a $300.00 price target on the stock. Barclays started coverage on shares of monday.com in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $275.00 price objective for the company. Finally, Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.83.

Get Our Latest Analysis 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.

See Also

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

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