Charles Schwab Investment Management Inc. Boosts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Charles Schwab Investment Management Inc. increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,936 shares of the company’s stock after buying an additional 897 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.05% of monday.com worth $5,871,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in monday.com by 64.8% during the fourth 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 last quarter. Venturi Wealth Management LLC boosted its stake in monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after buying an additional 76 shares during the period. Northwest & Ethical Investments L.P. increased its position in shares of monday.com by 18.2% during the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the 4th quarter valued at approximately $25,000. Finally, Choreo LLC lifted its holdings in shares of monday.com by 3.8% in the 4th quarter. Choreo LLC now owns 3,005 shares of the company’s stock worth $707,000 after acquiring an additional 111 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Monday, March 17th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research note on Tuesday, February 11th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Cantor Fitzgerald lifted their target price on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays boosted their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Price Performance

monday.com stock opened at $276.52 on Tuesday. The stock’s fifty day moving average is $270.84 and its two-hundred day moving average is $269.98. The stock has a market cap of $13.35 billion, a PE ratio of 460.87, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY) last issued its 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%. On average, research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.