Westfield Capital Management Co. LP Boosts Stake in monday.com Ltd. (NASDAQ:MNDY)

Westfield Capital Management Co. LP boosted its stake in monday.com Ltd. (NASDAQ:MNDY) by 2.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 600,379 shares of the company’s stock after buying an additional 14,304 shares during the quarter. monday.com makes up about 0.8% of Westfield Capital Management Co. LP’s holdings, making the stock its 27th biggest position. Westfield Capital Management Co. LP owned about 1.24% of monday.com worth $166,767,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the 3rd quarter valued at approximately $43,000. Ridgewood Investments LLC purchased a new position in shares of monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of monday.com during the 2nd quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 3.0 %

Shares of monday.com stock opened at $284.59 on Friday. The firm has a market cap of $13.74 billion, a P/E ratio of 694.12, a P/E/G ratio of 7.70 and a beta of 1.31. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The business has a 50-day moving average price of $282.14 and a 200 day moving average price of $251.25.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MNDY. DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of monday.com in a research note on Tuesday, November 12th. Piper Sandler increased their price target on monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Scotiabank began coverage on monday.com in a research note on Tuesday, November 19th. They set a “sector outperform” rating and a $325.00 price target on the stock. UBS Group increased their price target on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, Oppenheimer increased their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.81.

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.