Nomura Asset Management Co. Ltd. Has $2.45 Million Holdings in monday.com Ltd. (NASDAQ:MNDY)

Nomura Asset Management Co. Ltd. decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,400 shares of the company’s stock after selling 110 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in monday.com were worth $2,449,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MNDY. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC lifted its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MNDY. Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Scotiabank dropped their price objective on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Barclays raised their target price on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group dropped their price target on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $352.64.

monday.com Stock Up 1.7 %

Shares of NASDAQ MNDY opened at $266.60 on Thursday. The company has a market capitalization of $13.54 billion, a PE ratio of 444.33, a PEG ratio of 16.53 and a beta of 1.27. The stock’s 50 day moving average price is $273.56 and its 200-day moving average price is $270.34. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

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%. As a group, research analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com 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.