Commonwealth Equity Services LLC Has $971,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Commonwealth Equity Services LLC increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 25.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,033 shares of the company’s stock after buying an additional 820 shares during the quarter. Commonwealth Equity Services LLC’s holdings in monday.com were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its position in monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock worth $24,243,000 after purchasing an additional 41,840 shares during the last quarter. Norden Group LLC bought a new position in monday.com during the 1st quarter worth approximately $840,000. Boulder Hill Capital Management LP acquired a new position in monday.com during the fourth quarter valued at approximately $2,197,000. Bessemer Group Inc. acquired a new position in shares of monday.com in the 1st quarter valued at $1,314,000. Finally, Trexquant Investment LP raised its stake in monday.com by 107.5% during the 4th quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock worth $11,474,000 after buying an additional 31,656 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson increased their price target on monday.com from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Needham & Company LLC raised their target price on shares of monday.com from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 12th. TD Cowen lifted their price target on shares of monday.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird boosted their price objective on shares of monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $285.79.

monday.com Price Performance

Shares of MNDY opened at $258.93 on Wednesday. The firm has a 50-day moving average of $243.59 and a 200-day moving average of $226.16. The company has a market cap of $12.50 billion, a PE ratio of 681.39, a price-to-earnings-growth ratio of 12.23 and a beta of 1.32. monday.com Ltd. has a one year low of $122.13 and a one year high of $272.77.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Analysts expect that monday.com Ltd. will post 0.49 earnings per share 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.