960 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 960 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of monday.com by 4.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,294 shares of the company’s stock valued at $17,713,000 after buying an additional 3,458 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in monday.com by 8.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,358 shares of the company’s stock valued at $4,558,000 after purchasing an additional 1,450 shares during the period. Keystone Investors PTE Ltd. bought a new position in monday.com in the 4th quarter worth $2,161,000. TIAA Trust National Association purchased a new stake in shares of monday.com in the 4th quarter worth about $11,893,000. Finally, Prudential Financial Inc. boosted its stake in shares of monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 3.4 %

Shares of MNDY opened at $247.01 on Friday. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The business’s fifty day simple moving average is $272.99 and its two-hundred day simple moving average is $270.11. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 411.68, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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%. As a group, research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Loop Capital decreased their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a research note on Monday, March 17th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Barclays raised their price objective on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

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.