Charles Schwab Investment Management Inc. Boosts Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Charles Schwab Investment Management Inc. lifted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,039 shares of the company’s stock after acquiring an additional 1,353 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in monday.com were worth $6,677,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. bought a new stake in monday.com during the 3rd quarter valued at $43,000. Ridgewood Investments LLC bought a new stake in monday.com in the 2nd quarter worth approximately $45,000. Gilliland Jeter Wealth Management LLC increased its holdings in monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares during the last quarter. Toronto Dominion Bank purchased a new stake in monday.com in the second quarter worth about $120,000. Finally, Blue Trust Inc. raised its stake in monday.com by 10,650.0% during the 2nd quarter. Blue Trust Inc. now owns 645 shares of the company’s stock worth $146,000 after acquiring an additional 639 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 0.6 %

Shares of NASDAQ MNDY opened at $278.03 on Thursday. The firm’s 50-day moving average price is $285.78 and its two-hundred day moving average price is $257.74. The stock has a market capitalization of $13.42 billion, a P/E ratio of 678.12, a P/E/G ratio of 8.28 and a beta of 1.25. monday.com Ltd. has a 52-week low of $170.00 and a 52-week high of $324.99.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. As a group, equities research analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MNDY shares. Citigroup raised their price objective on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Needham & Company LLC upped their price target on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Piper Sandler lifted their target price on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. DA Davidson reiterated a “neutral” rating and set a $300.00 price objective on shares of monday.com in a research note on Tuesday, November 12th. Finally, Barclays raised their price objective on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average target price of $310.81.

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.