KLP Kapitalforvaltning AS Invests $2.67 Million in monday.com Ltd. (NASDAQ:MNDY)

KLP Kapitalforvaltning AS purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,350 shares of the company’s stock, valued at approximately $2,672,000.

Several other institutional investors also recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in monday.com during the 4th quarter valued at about $33,000. Signaturefd LLC grew its stake in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of monday.com stock opened at $264.47 on Thursday. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 440.78, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business has a 50-day moving average of $272.59 and a 200 day moving average of $270.19. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate 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 anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MNDY shares. Robert W. Baird upped their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Loop Capital reduced their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Needham & Company LLC boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, monday.com presently has an average 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.