monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 21.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,665 shares of the company’s stock after acquiring an additional 813 shares during the period. Penserra Capital Management LLC’s holdings in monday.com were worth $1,295,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the 3rd quarter valued at about $43,000. Ridgewood Investments LLC acquired a new position in monday.com in the second quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC boosted its position in monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in monday.com in the 2nd quarter worth approximately $69,000. Finally, Toronto Dominion Bank acquired a new stake in shares of monday.com during the 2nd quarter worth approximately $120,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on MNDY shares. Citigroup increased their price target on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Needham & Company LLC raised their target price on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. TD Cowen upped their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their price objective on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.81.

monday.com Stock Down 1.0 %

MNDY stock opened at $293.00 on Wednesday. monday.com Ltd. has a 52-week low of $170.00 and a 52-week high of $324.99. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 714.63, a price-to-earnings-growth ratio of 7.93 and a beta of 1.31. The business has a fifty day moving average of $282.80 and a two-hundred day moving average of $252.52.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $246.17 million. During the same period last year, the company earned $0.15 EPS. The company’s quarterly revenue was up 49.5% on a year-over-year basis. As a group, sell-side analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current year.

About monday.com

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.