monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the company’s stock after purchasing an additional 89 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in monday.com were worth $942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC boosted its holdings in monday.com by 112.0% in the third 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 period. Jennison Associates LLC grew its position in shares of monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after buying an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of monday.com by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after buying an additional 14,304 shares during the period. State Street Corp raised its holdings in monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after acquiring an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after acquiring an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ:MNDY opened at $265.45 on Monday. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The firm’s fifty day moving average price is $269.57 and its 200 day moving average price is $269.78. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64.

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 the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MNDY. Tigress Financial lifted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Robert W. Baird upped their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital cut their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Scotiabank lowered their price target on monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Finally, Piper Sandler raised their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $354.45.

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.