monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,076 shares of the company’s stock after buying an additional 76 shares during the period. Venturi Wealth Management LLC’s holdings in monday.com were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com in the third quarter valued at approximately $43,000. Vestcor Inc increased its stake 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 during the period. Finally, Spire Wealth Management acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $300.65 on Friday. The company has a market cap of $14.52 billion, a PE ratio of 501.08, a price-to-earnings-growth ratio of 16.54 and a beta of 1.31. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The firm has a 50 day simple moving average of $256.10 and a 200 day simple moving average of $267.36.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS 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%. On average, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MNDY. Jefferies Financial Group increased their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays increased their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Canaccord Genuity Group increased their price objective on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird raised their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.32.

monday.com Company 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.