BloombergSen Inc. Purchases 1,518 Shares of monday.com Ltd. (NASDAQ:MNDY)

BloombergSen Inc. grew its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 81.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,372 shares of the company’s stock after acquiring an additional 1,518 shares during the quarter. monday.com comprises approximately 0.1% of BloombergSen Inc.’s holdings, making the stock its 23rd largest holding. BloombergSen Inc.’s holdings in monday.com were worth $937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNDY. Principal Financial Group Inc. increased its stake in monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock worth $14,807,000 after acquiring an additional 14,059 shares during the last quarter. WoodTrust Financial Corp purchased a new position in shares of monday.com in the 3rd quarter worth approximately $215,000. Jackson Square Capital LLC boosted its holdings in shares of monday.com by 153.7% in the 3rd quarter. Jackson Square Capital LLC now owns 15,955 shares of the company’s stock worth $4,432,000 after purchasing an additional 9,666 shares during the period. M&G PLC bought a new position in shares of monday.com during the 3rd quarter valued at approximately $9,921,000. Finally, United Advisor Group LLC purchased a new stake in monday.com during the 3rd quarter valued at $208,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Tigress Financial boosted their price objective on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. TD Cowen upped their price target on shares of monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Loop Capital increased their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Capital One Financial began coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price for the company. Finally, Citigroup increased their price target on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.10.

monday.com Stock Performance

NASDAQ MNDY opened at $318.56 on Friday. monday.com Ltd. has a one year low of $133.50 and a one year high of $322.41. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 398.20, a price-to-earnings-growth ratio of 13.88 and a beta of 1.31. The company’s 50-day simple moving average is $277.72 and its two-hundred day simple moving average is $244.40.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Equities analysts expect that monday.com Ltd. will post 0.5 earnings per share 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.