State Street Corp Has $163.30 Million Position in monday.com Ltd. (NASDAQ:MNDY)

State Street Corp raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 587,879 shares of the company’s stock after buying an additional 21,585 shares during the period. State Street Corp owned about 1.22% of monday.com worth $163,295,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MNDY. Quantinno Capital Management LP acquired a new stake in shares of monday.com in the 3rd quarter valued at $214,000. Melqart Asset Management UK Ltd lifted its stake in shares of monday.com by 5.1% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 17,429 shares of the company’s stock valued at $4,841,000 after purchasing an additional 846 shares during the last quarter. Investment Management Corp of Ontario lifted its stake in shares of monday.com by 499.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,522 shares of the company’s stock valued at $1,534,000 after purchasing an additional 4,601 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of monday.com by 579.3% in the 3rd quarter. Janus Henderson Group PLC now owns 7,683 shares of the company’s stock valued at $2,135,000 after purchasing an additional 6,552 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of monday.com by 31.7% in the 3rd quarter. HighTower Advisors LLC now owns 9,943 shares of the company’s stock valued at $2,746,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

MNDY has been the subject of several analyst reports. Tigress Financial lifted their price objective on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company boosted their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Loop Capital boosted their target price on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. KeyCorp lowered shares of monday.com from an “overweight” rating to a “sector weight” rating in a research report on Friday. Finally, Canaccord Genuity Group boosted their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Stock Down 3.2 %

NASDAQ MNDY opened at $273.08 on Friday. The stock has a market cap of $13.18 billion, a P/E ratio of 666.05, a PEG ratio of 7.75 and a beta of 1.25. The company’s 50-day simple moving average is $285.81 and its 200 day simple moving average is $258.11. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99.

monday.com (NASDAQ:MNDY) last posted its 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. The business had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Research analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.