1,404 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY) in the second quarter, Holdings Channel.com reports. The firm bought 1,404 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in shares of monday.com in the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of monday.com by 2.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock worth $65,000 after acquiring an additional 691 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of monday.com in the second quarter valued at approximately $69,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 310 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 1.3 %

monday.com stock opened at $255.73 on Friday. The company has a market capitalization of $12.35 billion, a PE ratio of 672.99, a PEG ratio of 12.23 and a beta of 1.32. The firm’s fifty day moving average is $242.79 and its 200 day moving average is $225.55. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $272.77.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Monday, June 24th. JPMorgan Chase & Co. upped their price objective on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. KeyCorp lowered their price objective on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Bank of America upped their price objective on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Baird R W raised monday.com to a “hold” rating in a research note on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and an average price target of $285.79.

monday.com 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.