Geode Capital Management LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,777 shares of the company's stock after buying an additional 12,968 shares during the quarter. Geode Capital Management LLC owned 0.69% of monday.com worth $91,447,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in MNDY. FMR LLC boosted its stake in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock valued at $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position 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. Renaissance Technologies LLC increased its holdings in monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after buying an additional 188,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in monday.com by 171.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company's stock worth $65,938,000 after buying an additional 172,919 shares during the last quarter. Institutional investors own 73.70% of the company's stock.
A number of analysts have recently commented on the stock. Capital One Financial assumed coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target for the company. Wells Fargo & Company lifted their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Scotiabank started coverage on monday.com in a report on Tuesday, November 19th. They set a "sector outperform" rating and a $325.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $350.00 price objective on shares of monday.com in a report on Wednesday. Finally, Oppenheimer increased their target price on monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $309.62.
Check Out Our Latest Stock Analysis on MNDY
NASDAQ MNDY opened at $224.69 on Friday. The business has a 50-day moving average price of $283.18 and a 200-day moving average price of $258.47. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 548.02, a price-to-earnings-growth ratio of 7.75 and a beta of 1.25. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analysts' expectations of $246.17 million. During the same quarter last year, the business posted $0.15 earnings per share. The company's revenue for the quarter was up 49.5% compared to the same quarter last year. Research analysts expect that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
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.
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