Blueshift Asset Management LLC Purchases Shares of 1,210 monday.com Ltd. (NASDAQ:MNDY)

Blueshift Asset Management LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,210 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC lifted its position in monday.com by 112.0% during 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 last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after acquiring an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after acquiring an additional 14,304 shares during the last quarter. State Street Corp grew its position in monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after acquiring an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP increased 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 valued at $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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research note on Tuesday, February 11th. Jefferies Financial Group boosted their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Piper Sandler increased their target price on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $265.45 on Friday. The company has a 50 day simple moving average of $269.57 and a two-hundred day simple moving average of $269.50. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 442.42, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted 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 net margin of 3.33% and a return on equity of 6.22%. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share 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.