Left Brain Wealth Management LLC Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Left Brain Wealth Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,580 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MNDY. Janney Montgomery Scott LLC bought a new stake in shares of monday.com during the 3rd quarter worth approximately $1,001,000. Principal Financial Group Inc. increased its position in shares of monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock worth $14,807,000 after buying an additional 14,059 shares during the period. Assetmark Inc. increased its position in shares of monday.com by 7.2% during the third quarter. Assetmark Inc. now owns 5,586 shares of the company’s stock worth $1,552,000 after buying an additional 376 shares during the period. Entropy Technologies LP acquired a new stake in shares of monday.com during the third quarter worth $349,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of monday.com by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,691 shares of the company’s stock worth $18,525,000 after buying an additional 2,085 shares during the period. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Canaccord Genuity Group raised their price objective on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird raised their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Performance

Shares of MNDY stock opened at $242.37 on Friday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 403.95, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The firm’s 50-day simple moving average is $265.56 and its two-hundred day simple moving average is $269.52.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.