US Bancorp DE Has $4.94 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

US Bancorp DE boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,780 shares of the company’s stock after purchasing an additional 899 shares during the period. US Bancorp DE’s holdings in monday.com were worth $4,939,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MNDY. Allspring Global Investments Holdings LLC increased its holdings in shares of monday.com by 4,419.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 60,104 shares of the company’s stock worth $13,576,000 after purchasing an additional 58,774 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in monday.com by 18.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,500 shares of the company’s stock valued at $12,762,000 after acquiring an additional 8,636 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in monday.com by 21.8% in the first quarter. Commonwealth Equity Services LLC now owns 3,213 shares of the company’s stock valued at $726,000 after acquiring an additional 575 shares during the last quarter. Van ECK Associates Corp increased its stake in monday.com by 4.7% in the first quarter. Van ECK Associates Corp now owns 8,764 shares of the company’s stock valued at $1,980,000 after acquiring an additional 391 shares during the last quarter. Finally, Norden Group LLC bought a new position in monday.com in the first quarter valued at approximately $840,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Down 1.3 %

Shares of NASDAQ:MNDY opened at $295.78 on Tuesday. The company’s fifty day moving average is $274.68 and its 200 day moving average is $242.54. The stock has a market cap of $14.28 billion, a PE ratio of 369.73, a PEG ratio of 13.79 and a beta of 1.31. monday.com Ltd. has a 52 week low of $128.62 and a 52 week high of $306.80.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The firm 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%. Sell-side analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group lifted their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Baird R W upgraded shares of monday.com to a “hold” rating in a report on Tuesday, July 23rd. Oppenheimer lifted their price target 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. Finally, UBS Group lifted their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $306.10.

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.