Healthcare of Ontario Pension Plan Trust Fund Has $42.17 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Healthcare of Ontario Pension Plan Trust Fund increased its position in monday.com Ltd. (NASDAQ:MNDY) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,800 shares of the company’s stock after purchasing an additional 32,400 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.31% of monday.com worth $42,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNDY. Quent Capital LLC acquired a new stake in monday.com in the first quarter worth about $565,000. Vanguard Group Inc. increased its position in monday.com by 12.9% in the first quarter. Vanguard Group Inc. now owns 45,682 shares of the company’s stock worth $10,318,000 after purchasing an additional 5,229 shares during the period. American International Group Inc. increased its position in monday.com by 2.3% in the first 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. Janus Henderson Group PLC acquired a new stake in monday.com in the first quarter worth about $203,000. Finally, California State Teachers Retirement System increased its position in monday.com by 13.8% in the first quarter. California State Teachers Retirement System now owns 25,320 shares of the company’s stock worth $5,719,000 after purchasing an additional 3,068 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 2.1 %

MNDY opened at $286.95 on Thursday. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99. The stock’s fifty day simple moving average is $283.48 and its 200 day simple moving average is $253.30. The stock has a market cap of $13.85 billion, a PE ratio of 699.88, a price-to-earnings-growth ratio of 8.25 and a beta of 1.31.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Tigress Financial upped their price target on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Oppenheimer upped their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup upped their price target on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Robert W. Baird upped their price target on monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price target on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $310.81.

monday.com Company 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.