Mackenzie Financial Corp boosted its stake in monday.com Ltd. (NASDAQ:MNDY – Free Report) by 23.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,981 shares of the company’s stock after purchasing an additional 371 shares during the quarter. Mackenzie Financial Corp’s holdings in monday.com were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of monday.com by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after acquiring an additional 31,304 shares during the period. Renaissance Technologies LLC grew its position in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after purchasing an additional 188,800 shares in the last quarter. Jennison Associates LLC grew its position in shares of monday.com by 12.1% during the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock valued at $176,665,000 after purchasing an additional 84,182 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of monday.com by 34.4% in the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after buying an additional 170,800 shares in the last quarter. Finally, Eminence Capital LP boosted its stake in monday.com by 1.4% during the second quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock valued at $113,330,000 after buying an additional 6,349 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.
monday.com Stock Up 0.6 %
Shares of NASDAQ MNDY opened at $277.59 on Friday. The firm’s fifty day moving average is $254.38 and its 200 day moving average is $230.89. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $285.64. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 730.50, a PEG ratio of 13.58 and a beta of 1.32.
Analyst Ratings Changes
MNDY has been the topic of a number of research analyst reports. Loop Capital upped their target price on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of monday.com in a research note on Thursday, September 26th. Barclays raised their price objective on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, TD Cowen lifted their price objective on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $296.16.
Get Our Latest Stock Analysis on MNDY
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.
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