Oppenheimer & Co. Inc. Buys 1,318 Shares of monday.com Ltd. (NASDAQ:MNDY)

Oppenheimer & Co. Inc. raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,765 shares of the company’s stock after purchasing an additional 1,318 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in monday.com were worth $1,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares in the last quarter. Jennison Associates LLC increased its stake in monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after purchasing an additional 14,304 shares in the last quarter. State Street Corp increased its stake in monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after purchasing an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in monday.com by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock valued at $150,079,000 after purchasing an additional 15,300 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MNDY shares. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Cantor Fitzgerald lifted their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler lifted their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Tigress Financial lifted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Stock Performance

Shares of monday.com stock opened at $278.37 on Tuesday. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The stock’s 50-day simple moving average is $262.44 and its 200 day simple moving average is $270.24. The stock has a market capitalization of $13.44 billion, a P/E ratio of 463.95, a P/E/G ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal 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.