monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,534 shares of the company’s stock after acquiring an additional 109 shares during the quarter. DnB Asset Management AS’s holdings in monday.com were worth $1,538,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com during the 4th quarter valued at about $28,000. R Squared Ltd acquired a new position in monday.com during the 4th quarter valued at about $33,000. Signaturefd LLC raised its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ:MNDY opened at $262.18 on Wednesday. The stock has a market cap of $13.31 billion, a PE ratio of 436.97, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The stock’s 50-day moving average is $273.31 and its two-hundred day moving average is $270.37.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities 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 research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group dropped their price objective on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. Tigress Financial raised their target price on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald boosted their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $352.64.

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.