Sanctuary Advisors LLC Invests $290,000 in monday.com Ltd. (NASDAQ:MNDY)

Sanctuary Advisors LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,199 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of New Jersey Common Pension Fund D grew its position in shares of monday.com by 1.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 15,991 shares of the company’s stock valued at $3,765,000 after purchasing an additional 300 shares during the period. Palumbo Wealth Management LLC grew its position in shares of monday.com by 45.3% in the 4th quarter. Palumbo Wealth Management LLC now owns 3,670 shares of the company’s stock valued at $864,000 after purchasing an additional 1,145 shares during the period. Rhumbline Advisers grew its position in shares of monday.com by 4.6% in the 4th quarter. Rhumbline Advisers now owns 10,561 shares of the company’s stock valued at $2,486,000 after purchasing an additional 465 shares during the period. Blue Trust Inc. grew its position in shares of monday.com by 311.0% in the 4th quarter. Blue Trust Inc. now owns 1,311 shares of the company’s stock valued at $309,000 after purchasing an additional 992 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of monday.com by 1.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 13,018 shares of the company’s stock valued at $3,036,000 after purchasing an additional 148 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 0.7 %

MNDY opened at $276.52 on Wednesday. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The stock’s fifty day simple moving average is $263.27 and its 200 day simple moving average is $270.33. The stock has a market cap of $13.35 billion, a PE ratio of 460.87, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cantor Fitzgerald boosted their price objective on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Needham & Company LLC boosted their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler boosted their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus target price 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.