10,696 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the third quarter, Holdings Channel.com reports. The fund bought 10,696 shares of the company’s stock, valued at approximately $2,971,000.

A number of other large investors have also modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com during the third quarter worth $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com during the second quarter worth $45,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after buying an additional 102 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of monday.com during the second quarter worth $69,000. Finally, Toronto Dominion Bank purchased a new stake in shares of monday.com during the second quarter worth $120,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Bank of America upped their target price on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Needham & Company LLC boosted their price target on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price target on shares of monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $310.81.

monday.com Price Performance

NASDAQ MNDY opened at $286.95 on Thursday. The firm’s 50-day moving average is $283.48 and its two-hundred day moving average is $253.30. monday.com Ltd. has a 12 month low of $170.00 and a 12 month high of $324.99. The stock has a market capitalization of $13.85 billion, a P/E ratio of 697.29, a PEG ratio of 8.25 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business’s quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. As a group, analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current 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.