Robeco Institutional Asset Management B.V. Buys 20,961 Shares of monday.com Ltd. (NASDAQ:MNDY)

Robeco Institutional Asset Management B.V. grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 57.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,533 shares of the company’s stock after purchasing an additional 20,961 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of monday.com worth $13,546,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new position in shares of monday.com in the third quarter valued at about $1,667,000. International Assets Investment Management LLC bought a new position in shares of monday.com in the third quarter valued at about $21,989,000. Taylor Frigon Capital Management LLC bought a new position in monday.com during the third quarter worth about $1,311,000. Jennison Associates LLC increased its position in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares during the period. Finally, Plato Investment Management Ltd bought a new position in monday.com during the third quarter worth about $673,000. 73.70% of the stock is owned by institutional investors.

monday.com Trading Up 5.6 %

MNDY opened at $255.46 on Friday. The company’s 50 day moving average is $252.58 and its 200-day moving average is $260.14. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99. The company has a market cap of $12.33 billion, a P/E ratio of 623.07, a PEG ratio of 6.20 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was up 49.5% compared to the same quarter last year. On average, equities analysts forecast that monday.com Ltd. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MNDY shares. Piper Sandler lowered their price target on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Scotiabank lowered their price target on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday, January 16th. Capital One Financial started coverage on shares of monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target on the stock. Robert W. Baird raised their price target on shares of monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Loop Capital decreased their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $310.68.

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.