Curi RMB Capital LLC Acquires 7,309 Shares of monday.com Ltd. (NASDAQ:MNDY)

Curi RMB Capital LLC lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,514 shares of the company’s stock after purchasing an additional 7,309 shares during the quarter. Curi RMB Capital LLC’s holdings in monday.com were worth $9,303,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the 4th quarter worth $28,000. R Squared Ltd bought a new stake in shares of monday.com during the 4th quarter worth $33,000. Signaturefd LLC boosted its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MNDY. Robert W. Baird raised their price target 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. Canaccord Genuity Group upped their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and cut their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Scotiabank lowered their price objective on monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Finally, KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.91.

monday.com Stock Down 1.6 %

monday.com stock opened at $246.28 on Friday. The company has a market capitalization of $12.50 billion, a PE ratio of 410.47, a PEG ratio of 16.53 and a beta of 1.34. The firm’s fifty day moving average is $266.40 and its 200 day moving average is $267.05. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last issued 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 net margin of 3.33% and a return on equity of 6.22%. Sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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.