monday.com Ltd. $MNDY Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 17.9% during the 3rd quarter, Holdings Channel reports. The fund owned 79,009 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in monday.com were worth $15,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MNDY. Rubicon Global Capital Ltd lifted its holdings in monday.com by 155.3% in the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after purchasing an additional 877,700 shares during the period. Norges Bank bought a new stake in shares of monday.com during the 2nd quarter worth about $161,114,000. Nordea Investment Management AB raised its position in shares of monday.com by 2,501.5% during the 3rd quarter. Nordea Investment Management AB now owns 326,951 shares of the company’s stock worth $62,990,000 after buying an additional 314,383 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of monday.com by 148.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 490,527 shares of the company’s stock worth $95,010,000 after acquiring an additional 292,813 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of monday.com by 9,247.1% in the second quarter. Thrivent Financial for Lutherans now owns 177,315 shares of the company’s stock valued at $55,748,000 after acquiring an additional 175,418 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 0.1%

Shares of monday.com stock opened at $126.89 on Wednesday. monday.com Ltd. has a 12-month low of $123.45 and a 12-month high of $342.64. The firm has a market capitalization of $6.44 billion, a PE ratio of 103.16, a price-to-earnings-growth ratio of 2.91 and a beta of 1.26. The stock’s fifty day moving average is $147.60 and its 200-day moving average is $190.44.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.monday.com’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNDY. Wells Fargo & Company lowered their price objective on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Jefferies Financial Group decreased their price target on monday.com from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Guggenheim reissued a “buy” rating on shares of monday.com in a research note on Friday. Robert W. Baird cut their price objective on monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, Citigroup decreased their target price on monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.39.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.