International Assets Investment Management LLC Takes $21.99 Million Position in monday.com Ltd. (NASDAQ:MNDY)

International Assets Investment Management LLC bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 79,164 shares of the company’s stock, valued at approximately $21,989,000. International Assets Investment Management LLC owned about 0.16% of monday.com as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of monday.com by 431.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 shares during the last quarter. Chicago Capital LLC grew its stake in shares of monday.com by 18.9% during the third quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock valued at $499,000 after buying an additional 285 shares during the last quarter. Sapient Capital LLC bought a new position in monday.com in the third quarter worth approximately $1,282,000. Inspire Investing LLC bought a new position in monday.com in the third quarter worth approximately $870,000. Finally, Fulton Bank N.A. grew its stake in monday.com by 104.7% in the third quarter. Fulton Bank N.A. now owns 3,027 shares of the company’s stock worth $841,000 after purchasing an additional 1,548 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 1.7 %

Shares of MNDY opened at $302.50 on Wednesday. monday.com Ltd. has a 12 month low of $125.00 and a 12 month high of $306.80. The stock has a fifty day moving average price of $272.00 and a 200-day moving average price of $239.39. The firm has a market cap of $14.60 billion, a PE ratio of 796.05, a P/E/G ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. As a group, research analysts forecast that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Ratings Changes

MNDY has been the topic of several research analyst reports. Canaccord Genuity Group increased their price objective on monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Loop Capital increased their price objective on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Capital One Financial initiated coverage on monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, DA Davidson increased their price objective on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.35.

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.