TIAA Trust National Association Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

TIAA Trust National Association acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 50,512 shares of the company’s stock, valued at approximately $11,893,000. TIAA Trust National Association owned 0.10% of monday.com as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares during the period. Jennison Associates LLC lifted its position in shares of 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 acquiring an additional 100,333 shares during the period. State Street Corp grew its holdings in shares of monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after purchasing an additional 21,585 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after purchasing an additional 15,300 shares during the period. Finally, SG Americas Securities LLC raised its stake in monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after purchasing an additional 434,035 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 0.3 %

Shares of MNDY opened at $277.35 on Wednesday. The stock’s 50-day moving average price is $271.98 and its two-hundred day moving average price is $270.23. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a market capitalization of $13.39 billion, a PE ratio of 462.25, a PEG ratio of 16.53 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

Several research firms have commented on MNDY. DA Davidson raised shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a report on Monday, March 17th. Robert W. Baird lifted their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Tigress Financial boosted their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

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.