Raymond James Financial Inc. Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Raymond James Financial Inc. acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 114,722 shares of the company’s stock, valued at approximately $27,010,000.

Several other large investors have also made changes to their positions in MNDY. Atria Investments Inc increased its holdings in shares of monday.com by 25.9% in the fourth quarter. Atria Investments Inc now owns 3,562 shares of the company’s stock worth $839,000 after purchasing an additional 733 shares during the last quarter. Assetmark Inc. increased its holdings in shares of monday.com by 11.9% in the fourth quarter. Assetmark Inc. now owns 6,251 shares of the company’s stock worth $1,472,000 after purchasing an additional 665 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of monday.com by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,936 shares of the company’s stock worth $5,871,000 after purchasing an additional 897 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of monday.com in the fourth quarter worth about $245,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of monday.com by 904.8% in the fourth quarter. Jones Financial Companies Lllp now owns 834 shares of the company’s stock worth $196,000 after purchasing an additional 751 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $255.87 on Friday. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 426.45, a PEG ratio of 16.53 and a beta of 1.27. The stock has a 50 day moving average price of $265.97 and a 200 day moving average price of $269.47. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

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

Analyst Ratings Changes

MNDY has been the topic of several research reports. Loop Capital reduced their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. DA Davidson boosted their price objective on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler boosted their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average target price of $358.32.

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.