SG Americas Securities LLC Purchases 434,035 Shares of monday.com Ltd. (NASDAQ:MNDY)

SG Americas Securities LLC raised its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 1,024.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 476,392 shares of the company’s stock after purchasing an additional 434,035 shares during the period. monday.com accounts for approximately 0.5% of SG Americas Securities LLC’s portfolio, making the stock its 25th largest holding. SG Americas Securities LLC’s holdings in monday.com were worth $112,162,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MNDY. Mercer Global Advisors Inc. ADV raised its position in shares of monday.com by 4.4% in the second 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of monday.com by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock worth $626,000 after buying an additional 286 shares in the last quarter. Sei Investments Co. raised its position in shares of monday.com by 5.8% in the second quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock worth $27,327,000 after buying an additional 6,172 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of monday.com by 84.4% in the second quarter. Thrivent Financial for Lutherans now owns 9,952 shares of the company’s stock worth $2,396,000 after buying an additional 4,555 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in shares of monday.com by 229.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,294 shares of the company’s stock worth $793,000 after buying an additional 2,294 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MNDY. Canaccord Genuity Group raised their price target on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler lowered their price target on monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Jefferies Financial Group lowered their price target on monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Oppenheimer raised their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $310.68.

monday.com Price Performance

Shares of MNDY stock opened at $253.75 on Thursday. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $324.99. The firm has a fifty day moving average price of $254.79 and a 200-day moving average price of $259.58. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 618.90, a PEG ratio of 6.13 and a beta of 1.30.

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