Jackson Square Capital LLC Purchases 9,666 Shares of monday.com Ltd. (NASDAQ:MNDY)

Jackson Square Capital LLC raised its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 153.7% in the third quarter, Holdings Channel reports. The fund owned 15,955 shares of the company’s stock after buying an additional 9,666 shares during the quarter. monday.com comprises approximately 1.1% of Jackson Square Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Jackson Square Capital LLC’s holdings in monday.com were worth $4,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in monday.com by 18.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,500 shares of the company’s stock worth $12,762,000 after acquiring an additional 8,636 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of monday.com by 21.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,213 shares of the company’s stock worth $726,000 after purchasing an additional 575 shares during the period. Nordea Investment Management AB raised its position in shares of monday.com by 86.7% during the first quarter. Nordea Investment Management AB now owns 2,980 shares of the company’s stock valued at $669,000 after buying an additional 1,384 shares during the last quarter. Quent Capital LLC bought a new stake in shares of monday.com in the first quarter valued at about $565,000. Finally, Daiwa Securities Group Inc. grew its position in monday.com by 31.9% during the first quarter. Daiwa Securities Group Inc. now owns 2,111 shares of the company’s stock worth $477,000 after buying an additional 511 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of MNDY stock opened at $316.03 on Thursday. monday.com Ltd. has a 52 week low of $133.20 and a 52 week high of $316.39. The stock has a market capitalization of $15.26 billion, a PE ratio of 395.04, a PEG ratio of 13.88 and a beta of 1.31. The stock’s fifty day moving average is $276.62 and its 200-day moving average is $243.88.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. As a group, analysts forecast that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MNDY shares. Oppenheimer upped their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler lifted their price target on shares of monday.com from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Citigroup lifted their target price on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and a consensus target price of $306.10.

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.