monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 2,876.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,819 shares of the company’s stock after acquiring an additional 40,414 shares during the quarter. monday.com accounts for about 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 18th biggest position. Stanley Laman Group Ltd.’s holdings in monday.com were worth $7,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MNDY. Raymond James & Associates raised its stake in shares of monday.com by 55.2% during the 4th quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock worth $2,352,000 after buying an additional 4,457 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of monday.com during the 4th quarter worth $25,925,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of monday.com by 19.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,864 shares of the company’s stock worth $8,989,000 after buying an additional 7,955 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of monday.com by 58.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 156,609 shares of the company’s stock worth $29,413,000 after buying an additional 57,500 shares during the last quarter. Finally, Jackson Square Capital LLC purchased a new stake in monday.com during the 4th quarter worth about $1,647,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Citigroup lowered monday.com from a “buy” rating to a “neutral” rating and cut their target price for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. DA Davidson reiterated a “neutral” rating and issued a $190.00 price target on shares of monday.com in a report on Tuesday, February 13th. Tigress Financial upped their price objective on monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group raised monday.com from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $230.00 in a research note on Friday, January 5th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

monday.com Stock Performance

NASDAQ:MNDY traded down $2.05 during trading hours on Thursday, hitting $185.20. 358,745 shares of the company’s stock traded hands, compared to its average volume of 800,305. The firm has a market cap of $8.94 billion, a P/E ratio of -2,645.34 and a beta of 1.18. monday.com Ltd. has a twelve month low of $108.35 and a twelve month high of $239.22. The stock’s fifty day moving average price is $212.90 and its two-hundred day moving average price is $189.39.

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