CIBC Asset Management Inc Acquires 468 Shares of monday.com Ltd. (NASDAQ:MNDY)

CIBC Asset Management Inc increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the company’s stock after buying an additional 468 shares during the quarter. CIBC Asset Management Inc’s holdings in monday.com were worth $937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in shares of monday.com during the 3rd quarter worth $1,667,000. International Assets Investment Management LLC bought a new position in monday.com in the third quarter valued at about $21,989,000. Jennison Associates LLC raised its position in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new position in monday.com in the third quarter valued at about $673,000. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

NASDAQ MNDY opened at $300.65 on Friday. The business has a 50 day simple moving average of $256.10 and a 200 day simple moving average of $267.77. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The stock has a market capitalization of $14.51 billion, a P/E ratio of 501.08, a P/E/G ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on MNDY shares. Tigress Financial increased their target price on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. DA Davidson increased their target price on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital dropped their target price on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, Robert W. Baird increased their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $358.32.

monday.com 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.