Teacher Retirement System of Texas Has $2.35 Million Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Teacher Retirement System of Texas boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 138.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,992 shares of the company’s stock after buying an additional 5,800 shares during the quarter. Teacher Retirement System of Texas’ holdings in monday.com were worth $2,353,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of monday.com during the fourth quarter worth $33,000. Signaturefd LLC increased its holdings in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted 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 acquiring an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 4.6 %

NASDAQ:MNDY opened at $264.47 on Thursday. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 440.78, a PEG ratio of 16.53 and a beta of 1.27. The firm has a fifty day simple moving average of $272.59 and a two-hundred day simple moving average of $270.19.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 EPS 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 predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MNDY has been the topic of a number of research reports. Piper Sandler boosted their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Barclays upped their price objective on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group lifted their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their price target on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $354.45.

monday.com 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.