Fiera Capital Corp Buys 137,275 Shares of monday.com Ltd. $MNDY

Fiera Capital Corp increased its stake in monday.com Ltd. (NASDAQ:MNDY) by 100.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,530 shares of the company’s stock after purchasing an additional 137,275 shares during the period. Fiera Capital Corp owned 0.54% of monday.com worth $40,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Capital World Investors raised its position in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the last quarter. SG Americas Securities LLC raised its position in monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares during the last quarter. Baillie Gifford & Co. raised its position in monday.com by 2.2% in the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after purchasing an additional 15,377 shares during the last quarter. Westfield Capital Management Co. LP raised its position in monday.com by 7.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock worth $134,289,000 after purchasing an additional 46,999 shares during the last quarter. Finally, State Street Corp raised its position in monday.com by 5.4% in the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock worth $207,955,000 after purchasing an additional 33,963 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. TD Cowen boosted their price objective on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald dropped their target price on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Canaccord Genuity Group dropped their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, UBS Group dropped their target price on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.48.

monday.com Trading Down 2.3%

Shares of NASDAQ MNDY opened at $83.76 on Tuesday. The firm has a market cap of $4.29 billion, a PE ratio of 36.42, a PEG ratio of 4.29 and a beta of 1.24. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $316.98. The company has a fifty day moving average price of $72.56 and a 200 day moving average price of $100.47.

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

monday.com 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.