Jones Financial Companies Lllp Purchases 751 Shares of monday.com Ltd. (NASDAQ:MNDY)

Jones Financial Companies Lllp lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 904.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 834 shares of the company’s stock after acquiring an additional 751 shares during the period. Jones Financial Companies Lllp’s holdings in monday.com were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of monday.com during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Finally, Cromwell Holdings LLC increased its position in shares of monday.com by 372.7% during the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MNDY shares. Robert W. Baird lifted their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Needham & Company LLC lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group lifted their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Performance

MNDY opened at $242.37 on Friday. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 403.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The firm’s fifty day moving average is $265.56 and its 200 day moving average is $269.52.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS 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, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current 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.