140 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 140 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. bought a new stake in shares of monday.com in the 3rd quarter worth approximately $1,667,000. International Assets Investment Management LLC bought a new stake in shares of monday.com in the 3rd quarter worth approximately $21,989,000. Taylor Frigon Capital Management LLC bought a new stake in shares of monday.com in the 3rd quarter worth approximately $1,311,000. Jennison Associates LLC boosted its position in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after acquiring an additional 2,196 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Oppenheimer upped their price objective on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Scotiabank reduced their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 16th. Loop Capital dropped their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Wells Fargo & Company increased their price objective on shares of monday.com from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.68.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $248.33 on Tuesday. The firm has a market cap of $11.99 billion, a PE ratio of 605.68, a price-to-earnings-growth ratio of 7.12 and a beta of 1.31. The firm’s 50 day simple moving average is $251.63 and its 200-day simple moving average is $260.66. monday.com Ltd. has a one year low of $174.75 and a one year high of $324.99.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 49.5% on a year-over-year basis. Equities research analysts predict that monday.com Ltd. will post 0.85 EPS for the current fiscal 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.