monday.com Ltd. (NASDAQ:MNDY) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,622 shares of the company’s stock after buying an additional 141 shares during the period. American Century Companies Inc.’s holdings in monday.com were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC lifted its stake in monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after purchasing an additional 100,333 shares during the last quarter. State Street Corp raised its holdings in monday.com by 3.8% during the third 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. SG Americas Securities LLC lifted its position in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after buying an additional 434,035 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of monday.com by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock valued at $91,447,000 after buying an additional 12,968 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of monday.com by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Down 1.2 %

Shares of NASDAQ:MNDY opened at $240.81 on Friday. The company has a market cap of $12.23 billion, a P/E ratio of 401.35, a PEG ratio of 16.53 and a beta of 1.34. The company has a 50-day moving average price of $270.36 and a 200 day moving average price of $267.91. monday.com Ltd. has a 52 week low of $174.75 and a 52 week 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 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%. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MNDY shares. Cantor Fitzgerald boosted their price target on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Scotiabank decreased their target price on monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group raised their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler lifted their target price on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $352.64.

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.