Stephens Investment Management Group LLC Has $31.32 Million Holdings in monday.com Ltd. (NASDAQ:MNDY)

Stephens Investment Management Group LLC decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 133,024 shares of the company’s stock after selling 689 shares during the period. Stephens Investment Management Group LLC’s holdings in monday.com were worth $31,319,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in shares of monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after buying an additional 67 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares during the last quarter. Choreo LLC lifted its stake in monday.com by 3.8% in the fourth quarter. Choreo LLC now owns 3,005 shares of the company’s stock valued at $707,000 after acquiring an additional 111 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of monday.com by 74.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company’s stock valued at $64,000 after acquiring an additional 117 shares during the period. Finally, Vestcor Inc raised its holdings in shares of monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 2.7 %

Shares of NASDAQ:MNDY opened at $258.24 on Monday. The firm has a 50 day moving average of $249.33 and a 200-day moving average of $261.41. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $324.99. The stock has a market capitalization of $12.47 billion, a PE ratio of 629.85, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company’s revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. On average, research analysts predict that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MNDY. Piper Sandler reduced their price target on monday.com from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Cantor Fitzgerald began coverage on monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target on the stock. Jefferies Financial Group reduced their price objective on shares of monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Scotiabank decreased their price objective on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.68.

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.