4,188 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Channel Wealth LLC

Channel Wealth LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,188 shares of the company’s stock, valued at approximately $986,000.

Other hedge funds also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after buying an additional 47 shares in the last quarter. Avior Wealth Management LLC grew its position in monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after acquiring an additional 67 shares during the period. Oppenheimer Asset Management Inc. grew its position in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after acquiring an additional 91 shares during the period. Northwest & Ethical Investments L.P. raised its stake in monday.com by 18.2% during the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares in the last quarter. Finally, Vestcor Inc lifted its holdings in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after acquiring an additional 124 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 2.8 %

Shares of monday.com stock opened at $240.61 on Friday. The business has a fifty day simple moving average of $257.66 and a 200 day simple moving average of $259.36. The stock has a market cap of $11.62 billion, a PE ratio of 586.85, a price-to-earnings-growth ratio of 5.41 and a beta of 1.30. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $324.99.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MNDY. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Needham & Company LLC lifted their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen increased their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and issued a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Finally, Scotiabank reduced their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $310.48.

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.