abrdn plc Buys Shares of 968 monday.com Ltd. (NASDAQ:MNDY)

abrdn plc purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, Holdings Channel reports. The firm purchased 968 shares of the company’s stock, valued at approximately $269,000.

A number of other large investors also recently modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. bought a new position in monday.com in the 3rd quarter valued at approximately $43,000. Ridgewood Investments LLC acquired a new position in monday.com in the 2nd quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC raised its stake in shares of 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 acquiring an additional 102 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of monday.com during the second quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. grew its stake in shares of monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday. Capital One Financial assumed coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price on the stock. Baird R W upgraded shares of monday.com to a “hold” rating in a report on Tuesday, July 23rd. Piper Sandler upped their price objective on shares of monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Citigroup increased their price objective on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.10.

monday.com Stock Up 0.4 %

Shares of NASDAQ:MNDY opened at $296.95 on Wednesday. monday.com Ltd. has a twelve month low of $128.62 and a twelve month high of $306.80. The stock’s 50 day moving average is $274.68 and its 200-day moving average is $242.54. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 371.19, a PEG ratio of 14.06 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. Equities research analysts anticipate that monday.com Ltd. will post 0.5 earnings per share for the current fiscal 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.