monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 225.8% during the third quarter, HoldingsChannel.com reports. The fund owned 17,427 shares of the company’s stock after buying an additional 12,078 shares during the period. Barclays PLC’s holdings in monday.com were worth $4,840,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after acquiring an additional 47 shares during the period. Crossmark Global Holdings Inc. increased its position in monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares during the last quarter. Avior Wealth Management LLC raised its stake in monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares during the period. FDx Advisors Inc. boosted its holdings in monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after purchasing an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake 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 valued at $497,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Scotiabank initiated coverage on monday.com in a report on Tuesday, November 19th. They issued a “sector outperform” rating and a $325.00 price objective on the stock. TD Cowen boosted their price objective on shares of monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday. KeyCorp lowered shares of monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Finally, Oppenheimer boosted their target price on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $309.62.

monday.com Stock Up 7.9 %

Shares of monday.com stock opened at $242.49 on Friday. monday.com Ltd. has a 52 week low of $170.00 and a 52 week high of $324.99. The firm’s 50 day moving average is $282.23 and its two-hundred day moving average is $258.65. The firm has a market capitalization of $11.71 billion, a P/E ratio of 591.44, a P/E/G ratio of 7.61 and a beta of 1.25.

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