monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 72.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,201 shares of the company’s stock after buying an additional 2,190 shares during the period. Daiwa Securities Group Inc.’s holdings in monday.com were worth $1,224,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in monday.com in the 4th quarter valued at $33,000. Global Retirement Partners LLC boosted its position in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in monday.com by 372.7% in the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after buying an additional 123 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on MNDY. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. Piper Sandler upped their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. The Goldman Sachs Group upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $358.32.

monday.com Trading Up 5.6 %

Shares of NASDAQ:MNDY opened at $255.87 on Friday. The firm’s 50 day moving average is $265.97 and its two-hundred day moving average is $269.54. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The firm has a market capitalization of $12.35 billion, a P/E ratio of 426.45, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced 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%. Analysts predict that monday.com Ltd. will post 0.46 EPS for the current 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.