Oppenheimer Asset Management Inc. Has $497,000 Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Oppenheimer Asset Management Inc. raised its position in monday.com Ltd. (NASDAQ:MNDY) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,065 shares of the company’s stock after buying an additional 91 shares during the period. Oppenheimer Asset Management Inc.’s holdings in monday.com were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MNDY. WCM Investment Management LLC acquired a new position in shares of monday.com in the 1st quarter worth approximately $728,521,000. Baillie Gifford & Co. acquired a new position in monday.com in the first quarter worth $76,534,000. Clearbridge Investments LLC grew its holdings in shares of monday.com by 2,851.5% during the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after purchasing an additional 332,852 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of monday.com in the fourth quarter valued at $58,689,000. Finally, Norges Bank bought a new position in shares of monday.com in the fourth quarter valued at about $57,754,000. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

monday.com stock opened at $280.17 on Friday. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 737.29, a PEG ratio of 12.23 and a beta of 1.32. The company’s 50 day simple moving average is $244.98 and its 200 day simple moving average is $226.74. monday.com Ltd. has a fifty-two week low of $122.13 and a fifty-two week high of $281.26.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. As a group, analysts predict that monday.com Ltd. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MNDY shares. Robert W. Baird increased their price objective on shares of monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Canaccord Genuity Group increased their price target on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC boosted their price objective on shares of monday.com from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. DA Davidson increased their price objective on monday.com from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Baird R W upgraded monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently 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.