LMR Partners LLP Boosts Stake in monday.com Ltd. (NASDAQ:MNDY)

LMR Partners LLP lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,912 shares of the company’s stock after buying an additional 5,912 shares during the period. LMR Partners LLP owned approximately 0.12% of monday.com worth $15,531,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its position in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after buying an additional 47 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. lifted its position in monday.com by 4.7% during the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after purchasing an additional 90 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after purchasing an additional 91 shares during the last quarter. Finally, American International Group Inc. grew its position in monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after purchasing an additional 102 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Trading Down 2.2 %

NASDAQ:MNDY opened at $262.89 on Monday. The company has a market cap of $12.69 billion, a P/E ratio of 641.20, a P/E/G ratio of 12.26 and a beta of 1.31. monday.com Ltd. has a twelve month low of $166.86 and a twelve month high of $324.99. The company’s 50-day moving average price is $280.53 and its 200-day moving average price is $248.96.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business’s revenue was up 49.5% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, analysts expect that monday.com Ltd. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MNDY. Baird R W upgraded monday.com to a “hold” rating in a research note on Tuesday, July 23rd. Piper Sandler upped their price objective on monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Loop Capital lifted their target price on shares of monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Citigroup increased their price target on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Barclays lifted their price objective on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and seventeen have issued 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 $310.10.

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.