Arrowstreet Capital Limited Partnership Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Arrowstreet Capital Limited Partnership grew its holdings in monday.com Ltd. (NASDAQ:MNDY) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,950 shares of the company’s stock after purchasing an additional 96,222 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.04% of monday.com worth $117,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MNDY. Charles Schwab Investment Management Inc. increased its stake in monday.com by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company’s stock worth $6,677,000 after buying an additional 1,353 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of monday.com by 8.0% during the third quarter. The Manufacturers Life Insurance Company now owns 13,349 shares of the company’s stock worth $3,708,000 after acquiring an additional 994 shares during the period. Public Sector Pension Investment Board raised its stake in shares of monday.com by 25.2% during the third quarter. Public Sector Pension Investment Board now owns 19,361 shares of the company’s stock valued at $5,378,000 after acquiring an additional 3,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of monday.com by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company’s stock valued at $29,009,000 after purchasing an additional 10,285 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its stake in monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after purchasing an additional 100 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Down 3.4 %

NASDAQ:MNDY opened at $247.01 on Monday. The firm has a fifty day simple moving average of $272.99 and a 200-day simple moving average of $270.44. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a market capitalization of $12.54 billion, a P/E ratio of 411.68, a PEG ratio of 16.53 and a beta of 1.27.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Needham & Company LLC upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and a consensus price target of $354.45.

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.