Crossmark Global Holdings Inc. Purchases 50 Shares of monday.com Ltd. (NASDAQ:MNDY)

Crossmark Global Holdings Inc. raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.0% in the second quarter, HoldingsChannel.com reports. The firm owned 1,303 shares of the company’s stock after buying an additional 50 shares during the period. Crossmark Global Holdings Inc.’s holdings in monday.com were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MNDY. WCM Investment Management LLC acquired a new position in shares of monday.com during the first quarter valued at about $728,521,000. Price T Rowe Associates Inc. MD lifted its position in monday.com by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after acquiring an additional 31,304 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in monday.com by 12.1% during the 4th quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock valued at $161,573,000 after purchasing an additional 92,600 shares during the last quarter. Jennison Associates LLC increased its holdings in monday.com by 12.1% during the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after purchasing an additional 84,182 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of monday.com by 33.0% in the first quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company’s stock worth $93,868,000 after purchasing an additional 103,094 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MNDY shares. Piper Sandler reiterated an “overweight” rating and set a $300.00 price target (up previously from $270.00) on shares of monday.com in a report on Monday, August 12th. Baird R W raised shares of monday.com to a “hold” rating in a report on Tuesday, July 23rd. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Monday, June 24th. Wells Fargo & Company boosted their price target on shares of monday.com from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Finally, Bank of America increased their price objective on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.79.

monday.com Price Performance

Shares of MNDY opened at $250.78 on Wednesday. The firm has a market cap of $12.11 billion, a PE ratio of 659.95, a PEG ratio of 12.99 and a beta of 1.30. The stock’s fifty day moving average price is $241.35 and its two-hundred day moving average price is $223.74. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $272.77.

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.