APG Asset Management N.V. Increases Holdings in monday.com Ltd. (NASDAQ:MNDY)

APG Asset Management N.V. increased its position in monday.com Ltd. (NASDAQ:MNDY) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,818 shares of the company’s stock after purchasing an additional 436 shares during the quarter. APG Asset Management N.V.’s holdings in monday.com were worth $413,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MNDY. FMR LLC grew its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after buying an additional 1,189,858 shares in the last quarter. Norges Bank purchased a new stake in monday.com in the fourth quarter worth about $116,686,000. SG Americas Securities LLC grew its holdings in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after purchasing an additional 403,255 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of monday.com in the 4th quarter valued at about $27,010,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNDY. Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Loop Capital dropped their target price 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 raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Jefferies Financial Group cut their target price on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Cantor Fitzgerald increased their price target on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $352.64.

monday.com Stock Performance

Shares of MNDY stock opened at $240.81 on Friday. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The firm has a market capitalization of $12.23 billion, a PE ratio of 401.35, a P/E/G ratio of 16.53 and a beta of 1.34. The stock’s 50-day simple moving average is $270.36 and its 200-day simple moving average is $267.91.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. Sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share 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.