SBI Securities Co. Ltd. Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

SBI Securities Co. Ltd. bought a new position in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,039 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of monday.com in the third quarter worth $43,000. abrdn plc purchased a new position in shares of monday.com in the third quarter worth $269,000. Janney Montgomery Scott LLC purchased a new position in shares of monday.com in the third quarter worth $1,001,000. Van ECK Associates Corp raised its stake in shares of monday.com by 1.6% in the third quarter. Van ECK Associates Corp now owns 13,244 shares of the company’s stock worth $3,742,000 after purchasing an additional 205 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after purchasing an additional 2,196 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MNDY. Piper Sandler boosted their price target on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Canaccord Genuity Group upped their price objective on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. DA Davidson upped their price objective on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $358.32.

monday.com Stock Up 1.3 %

NASDAQ MNDY opened at $280.20 on Thursday. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 467.00, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31. The business has a 50-day moving average price of $264.18 and a 200-day moving average price of $270.40. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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%. Research analysts expect that monday.com Ltd. will post 0.46 EPS 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.