monday.com Ltd. $MNDY Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 1,517.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,016 shares of the company’s stock after acquiring an additional 161,382 shares during the quarter. BNP Paribas Financial Markets owned 0.34% of monday.com worth $25,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares during the period. CoreCap Advisors LLC raised its position in monday.com by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after purchasing an additional 89 shares during the period. Rafferty Asset Management LLC raised its position in monday.com by 5.3% in the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after purchasing an additional 91 shares during the period. NewEdge Advisors LLC raised its position in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Finally, Swiss Life Asset Management Ltd raised its position in monday.com by 4.1% in the third quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock valued at $682,000 after purchasing an additional 138 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MNDY shares. DA Davidson set a $100.00 price objective on monday.com in a research report on Tuesday, February 10th. Cantor Fitzgerald cut their price objective on monday.com from $148.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Guggenheim set a $130.00 price objective on monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Bank of America cut their price objective on monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $90.00 price objective (down from $175.00) on shares of monday.com in a research report on Tuesday, February 10th. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $87.31 on Friday. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 4.30 and a beta of 1.24. The stock’s 50-day simple moving average is $71.94 and its 200-day simple moving average is $101.41.

monday.com (NASDAQ:MNDY) last announced its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $351.27 million for the quarter. As a group, research analysts predict that monday.com Ltd. will post 1.59 EPS for the current year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.