CIBC Asset Management Inc Has $937,000 Holdings in monday.com Ltd. (NASDAQ:MNDY)

CIBC Asset Management Inc raised its position in monday.com Ltd. (NASDAQ:MNDY) by 13.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,980 shares of the company’s stock after purchasing an additional 468 shares during the quarter. CIBC Asset Management Inc’s holdings in monday.com were worth $937,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in monday.com in the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter valued at approximately $33,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of monday.com in the third quarter valued at approximately $43,000. Spire Wealth Management bought a new position in shares of monday.com in the fourth quarter valued at approximately $125,000. Finally, Vestcor Inc lifted its holdings in shares of monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of recent research reports. Canaccord Genuity Group raised their target price on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Piper Sandler raised their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. DA Davidson raised their target price on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Down 2.4 %

Shares of NASDAQ:MNDY opened at $300.65 on Friday. The firm has a market capitalization of $14.51 billion, a PE ratio of 501.08, a P/E/G ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a 50-day moving average price of $256.10 and a two-hundred day moving average price of $267.77.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.