Healthcare of Ontario Pension Plan Trust Fund Purchases 32,400 Shares of monday.com Ltd. (NASDAQ:MNDY)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 27.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 151,800 shares of the company’s stock after buying an additional 32,400 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in monday.com were worth $42,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after buying an additional 798,791 shares during the period. Renaissance Technologies LLC grew its holdings in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of monday.com by 77.5% during 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. 1832 Asset Management L.P. grew its holdings in shares of monday.com by 34.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after purchasing an additional 170,800 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after purchasing an additional 14,304 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MNDY shares. UBS Group increased their target price on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. TD Cowen raised their price objective on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company raised their price objective on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Tigress Financial raised their price objective on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised 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. Five investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $310.81.

monday.com Stock Performance

Shares of MNDY stock opened at $286.95 on Thursday. The company has a market cap of $13.85 billion, a P/E ratio of 699.88, a PEG ratio of 8.25 and a beta of 1.31. The stock has a 50 day simple moving average of $283.48 and a two-hundred day simple moving average of $253.30. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99.

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

monday.com Company 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.