monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,033 shares of the company’s stock after purchasing an additional 820 shares during the quarter. Commonwealth Equity Services LLC’s holdings in monday.com were worth $971,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MNDY. Ridgewood Investments LLC purchased a new stake in monday.com in the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com during the 2nd quarter worth about $69,000. PNC Financial Services Group Inc. raised its holdings in monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after buying an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY stock opened at $258.93 on Wednesday. The firm has a 50 day simple moving average of $243.59 and a 200 day simple moving average of $226.16. The stock has a market cap of $12.50 billion, a P/E ratio of 681.39, a P/E/G ratio of 12.23 and a beta of 1.32. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $272.77.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. The business had revenue of $236.11 million during the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Sell-side analysts predict that monday.com Ltd. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MNDY. JPMorgan Chase & Co. lifted their price objective on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Tigress Financial boosted their target price on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. The Goldman Sachs Group boosted their price objective on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Loop Capital boosted their price target on shares of monday.com from $245.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $300.00 target price (up from $270.00) on shares of monday.com in a report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $285.79.

monday.com Company 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.