Price T Rowe Associates Inc. MD Has $714.78 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Price T Rowe Associates Inc. MD raised its position in monday.com Ltd. (NASDAQ:MNDY) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,164,566 shares of the company’s stock after buying an additional 31,304 shares during the quarter. Price T Rowe Associates Inc. MD owned 6.55% of monday.com worth $714,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MNDY. Desjardins Global Asset Management Inc. lifted its position in shares of monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of monday.com by 2.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock valued at $65,000 after acquiring an additional 691 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after acquiring an additional 310 shares during the period. RiverPark Advisors LLC bought a new stake in shares of monday.com during the 1st quarter valued at $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of monday.com by 13.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after acquiring an additional 93 shares during the period. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on monday.com from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Citigroup downgraded monday.com from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. Baird R W upgraded monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Oppenheimer upped their price objective on monday.com from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Finally, KeyCorp dropped their price objective on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average price target of $255.53.

monday.com Stock Performance

Shares of MNDY stock traded up $1.87 on Friday, hitting $237.97. The company had a trading volume of 410,912 shares, compared to its average volume of 407,830. The firm has a market cap of $11.49 billion, a P/E ratio of 626.25, a P/E/G ratio of 47.59 and a beta of 1.30. The stock’s 50-day moving average is $232.16 and its two-hundred day moving average is $216.78. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $251.48.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.25. The company had revenue of $216.91 million during the quarter, compared to analysts’ expectations of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. Equities research analysts predict that monday.com Ltd. will post 0.12 EPS for the current year.

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.