Curi RMB Capital LLC Purchases 1,725 Shares of monday.com Ltd. (NASDAQ:MNDY)

Curi RMB Capital LLC increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,205 shares of the company’s stock after buying an additional 1,725 shares during the period. Curi RMB Capital LLC’s holdings in monday.com were worth $8,946,000 as of its most recent SEC filing.

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

monday.com Stock Performance

MNDY stock opened at $268.90 on Friday. monday.com Ltd. has a fifty-two week low of $162.06 and a fifty-two week high of $324.99. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 655.85, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31. The business’s 50 day moving average price is $280.09 and its two-hundred day moving average price is $247.65.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the business earned $0.15 EPS. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. Sell-side analysts forecast that monday.com Ltd. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on MNDY shares. JPMorgan Chase & Co. increased their price target on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Capital One Financial assumed coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective for the company. Robert W. Baird upped their target price on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday. Needham & Company LLC increased their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Cowen boosted their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.10.

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.