Fulton Bank N.A. Buys 1,548 Shares of monday.com Ltd. (NASDAQ:MNDY)

Fulton Bank N.A. lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 104.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,027 shares of the company’s stock after purchasing an additional 1,548 shares during the quarter. Fulton Bank N.A.’s holdings in monday.com were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in monday.com by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after purchasing an additional 31,304 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of monday.com by 20.2% in the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after buying an additional 188,800 shares during the last quarter. Jennison Associates LLC lifted its position in monday.com by 12.1% during the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after buying an additional 84,182 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in monday.com by 34.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after acquiring an additional 170,800 shares during the last quarter. Finally, Eminence Capital LP increased its position in monday.com by 1.4% in the 2nd quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock valued at $113,330,000 after acquiring an additional 6,349 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 1.2 %

Shares of MNDY stock opened at $277.14 on Wednesday. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $285.64. The firm has a fifty day moving average of $256.17 and a 200-day moving average of $231.60. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 729.32, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNDY. Citigroup upped their target price on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. DA Davidson upped their price objective on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Bank of America lifted their target price on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group upped their price target on monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, UBS Group lifted their price objective on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $296.16.

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.