31,319 Shares in monday.com Ltd. $MNDY Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the first quarter, Holdings Channel.com reports. The institutional investor bought 31,319 shares of the company’s stock, valued at approximately $2,164,000.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its holdings in monday.com by 91.4% in the fourth 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. T. Rowe Price Investment Management Inc. boosted its position in shares of monday.com by 15.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock worth $188,126,000 after purchasing an additional 165,996 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of monday.com by 7.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock worth $166,609,000 after purchasing an additional 74,800 shares in the last quarter. Baillie Gifford & Co. grew its stake in monday.com by 2.2% during the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after buying an additional 15,377 shares during the last quarter. Finally, State Street Corp grew its stake in monday.com by 3.8% during the 4th quarter. State Street Corp now owns 688,751 shares of the company’s stock worth $101,632,000 after buying an additional 25,009 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays boosted their price target on monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. BTIG Research cut their price objective on shares of monday.com from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Guggenheim set a $130.00 price target on shares of monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Citigroup decreased their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.04.

monday.com Price Performance

MNDY opened at $77.43 on Friday. The firm has a fifty day moving average price of $78.63 and a 200 day moving average price of $83.58. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $295.00. The stock has a market cap of $3.96 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.59 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The company had revenue of $351.26 million for the quarter. Equities analysts expect that monday.com Ltd. will post 1.59 EPS for the current year.

About monday.com

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.