1,479 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Fulton Bank N.A.

Fulton Bank N.A. bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,479 shares of the company’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new position in monday.com during the 1st quarter worth $728,521,000. Price T Rowe Associates Inc. MD grew its stake in monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after purchasing an additional 31,304 shares in the last quarter. 1832 Asset Management L.P. grew its stake in monday.com by 12.1% during the 4th quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock worth $161,573,000 after purchasing an additional 92,600 shares in the last quarter. Jennison Associates LLC grew its stake in monday.com by 12.1% during the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after purchasing an additional 84,182 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in monday.com by 33.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company’s stock worth $93,868,000 after purchasing an additional 103,094 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MNDY shares. Citigroup cut monday.com from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. KeyCorp lowered their price objective 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. Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Barclays started coverage on monday.com in a research report on Wednesday, June 26th. They set an “overweight” rating and a $275.00 price objective for the company. Finally, Wolfe Research started coverage on monday.com in a research report on Tuesday, July 9th. They set an “outperform” rating and a $300.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.53.

monday.com Stock Up 3.1 %

MNDY traded up $6.33 on Tuesday, hitting $208.74. 630,674 shares of the company traded hands, compared to its average volume of 786,180. The company has a 50 day moving average of $228.83 and a 200-day moving average of $218.17. The stock has a market capitalization of $10.08 billion, a PE ratio of 549.32, a PEG ratio of 43.41 and a beta of 1.30. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $251.48.

monday.com (NASDAQ:MNDY) last issued its earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.25. The business had revenue of $216.91 million during the quarter, compared to the consensus estimate of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. On average, research analysts anticipate that monday.com Ltd. will post 0.12 EPS for the current year.

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.