TIAA Trust National Association Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

TIAA Trust National Association purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The firm purchased 50,512 shares of the company’s stock, valued at approximately $11,893,000.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in monday.com during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of monday.com during the 4th quarter worth about $33,000. Signaturefd LLC boosted its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MNDY shares. Wells Fargo & Company increased their price target on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Tigress Financial lifted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. DA Davidson upgraded shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Monday, March 17th. Canaccord Genuity Group lifted their price objective on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average price target of $354.45.

monday.com Stock Up 0.3 %

monday.com stock opened at $277.35 on Wednesday. The firm has a 50 day moving average price of $271.98 and a 200-day moving average price of $270.23. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a market capitalization of $13.39 billion, a P/E ratio of 462.25, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share 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%. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com Company 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.