SBI Securities Co. Ltd. Takes Position in monday.com Ltd. (NASDAQ:MNDY)

SBI Securities Co. Ltd. acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,039 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC grew its position in monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after acquiring an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP grew its position in monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after acquiring an additional 14,304 shares during the last quarter. State Street Corp grew its position in monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after acquiring an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in monday.com by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after acquiring an additional 15,300 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Up 1.3 %

NASDAQ MNDY opened at $280.20 on Thursday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market capitalization of $13.53 billion, a PE ratio of 467.00, a P/E/G ratio of 16.53 and a beta of 1.31. The stock’s 50 day moving average is $264.18 and its 200 day moving average is $270.40.

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%. On average, research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MNDY shares. Needham & Company LLC raised their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group raised their price target on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Loop Capital reduced their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a research report on Tuesday, February 11th. Finally, Piper Sandler increased their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.32.

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.