Vinva Investment Management Ltd Invests $804,000 in monday.com Ltd. (NASDAQ:MNDY)

Vinva Investment Management Ltd purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, Holdings Channel reports. The firm purchased 3,419 shares of the company’s stock, valued at approximately $804,000.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares during the last quarter. Vestcor Inc grew its stake in shares of monday.com by 16.0% in the fourth quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after purchasing an additional 83 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $264.56 on Friday. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 440.93, a PEG ratio of 16.53 and a beta of 1.27. The firm’s 50-day simple moving average is $268.63 and its 200 day simple moving average is $269.50.

monday.com (NASDAQ:MNDY) last posted its earnings results 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%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Tigress Financial boosted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group boosted 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 Tuesday, February 11th. Needham & Company LLC upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group upped their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. 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 data from MarketBeat, the stock currently has a consensus 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.