monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,048 shares of the company’s stock after purchasing an additional 322 shares during the quarter. Truist Financial Corp’s holdings in monday.com were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after purchasing an additional 67 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in monday.com by 18.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after purchasing an additional 100 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in monday.com in the 4th quarter valued at $25,000. Choreo LLC raised its stake in monday.com by 3.8% in the 4th quarter. Choreo LLC now owns 3,005 shares of the company’s stock valued at $707,000 after purchasing an additional 111 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in monday.com by 74.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company’s stock valued at $64,000 after purchasing an additional 117 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

MNDY stock opened at $296.77 on Friday. The firm has a market capitalization of $14.33 billion, a P/E ratio of 494.62, a P/E/G ratio of 16.53 and a beta of 1.31. The business’s 50-day moving average is $261.51 and its two-hundred day moving average is $270.04. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (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, analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

MNDY has been the subject of several analyst reports. DA Davidson upped their target price on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird increased their price target on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Barclays increased their price target on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty 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 price target of $358.32.

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.