Dai ichi Life Insurance Company Ltd Grows Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Dai ichi Life Insurance Company Ltd boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 41.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,362 shares of the company’s stock after buying an additional 400 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in monday.com were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. WCM Investment Management LLC bought a new position in shares of monday.com in the first quarter worth about $728,521,000. Baillie Gifford & Co. bought a new position in monday.com in the 1st quarter worth approximately $76,534,000. Clearbridge Investments LLC grew its holdings in monday.com by 2,851.5% during the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock valued at $77,818,000 after buying an additional 332,852 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of monday.com during the fourth quarter valued at approximately $58,689,000. Finally, Norges Bank purchased a new position in shares of monday.com in the fourth quarter worth $57,754,000. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Baird R W raised shares of monday.com to a “hold” rating in a research note on Tuesday, July 23rd. Wolfe Research started coverage on monday.com in a report on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 target price on the stock. The Goldman Sachs Group boosted their target price on monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Bank of America raised their price target on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price objective (up from $270.00) on shares of monday.com in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.79.

monday.com Price Performance

monday.com stock opened at $263.13 on Tuesday. The firm has a market capitalization of $12.70 billion, a P/E ratio of 692.45, a price-to-earnings-growth ratio of 12.23 and a beta of 1.32. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $272.77. The company’s 50-day moving average is $243.16 and its 200 day moving average is $225.95.

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

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.