Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,449 shares of the company’s stock after acquiring an additional 94 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of monday.com worth $6,227,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares during the period. Jennison Associates LLC lifted its holdings in monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in monday.com by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after purchasing an additional 14,304 shares in the last quarter. State Street Corp lifted 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 valued at $163,295,000 after purchasing an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after buying an additional 15,300 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 0.3 %

MNDY stock opened at $265.45 on Friday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The firm’s fifty day simple moving average is $269.57 and its two-hundred day simple moving average is $269.63.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS 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%. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MNDY. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Robert W. Baird boosted their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Piper Sandler boosted their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Loop Capital lowered their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average price target of $354.45.

About monday.com

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.