Thrivent Financial for Lutherans Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Thrivent Financial for Lutherans grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 84.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,952 shares of the company’s stock after acquiring an additional 4,555 shares during the quarter. Thrivent Financial for Lutherans’ holdings in monday.com were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after buying an additional 47 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of monday.com by 4.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after acquiring an additional 50 shares during the period. FDx Advisors Inc. increased its stake in shares of monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares during the period. Finally, American International Group Inc. lifted its stake in monday.com by 2.3% in the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after purchasing an additional 102 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent research reports. KeyCorp decreased their target price on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. William Blair reissued an “outperform” rating on shares of monday.com in a report on Monday, June 24th. Loop Capital upped their price objective on shares of monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Piper Sandler reiterated an “overweight” rating and set a $300.00 target price (up previously from $270.00) on shares of monday.com in a research report on Monday, August 12th. Finally, Bank of America boosted their price target on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $294.84.

monday.com Stock Performance

MNDY stock opened at $277.77 on Tuesday. The company has a market capitalization of $13.41 billion, a PE ratio of 730.97, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com Ltd. has a one year low of $122.13 and a one year high of $285.64. The company’s 50 day moving average price is $251.30 and its two-hundred day moving average price is $229.54.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. On average, research analysts predict that monday.com Ltd. will post 0.49 EPS for the current 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.