Curi RMB Capital LLC Purchases 7,309 Shares of monday.com Ltd. (NASDAQ:MNDY)

Curi RMB Capital LLC boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 22.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,514 shares of the company’s stock after purchasing an additional 7,309 shares during the period. Curi RMB Capital LLC owned about 0.08% of monday.com worth $9,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. First Trust Advisors LP boosted its holdings in shares of monday.com by 78.7% in the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company’s stock worth $11,304,000 after acquiring an additional 21,139 shares in the last quarter. Formula Growth Ltd. bought a new position in monday.com in the 4th quarter valued at $4,944,000. ShawSpring Partners LLC raised its position in monday.com by 8.0% in the 4th quarter. ShawSpring Partners LLC now owns 378,712 shares of the company’s stock valued at $89,164,000 after purchasing an additional 28,182 shares during the last quarter. Jump Financial LLC boosted its stake in monday.com by 118.8% in the fourth quarter. Jump Financial LLC now owns 98,046 shares of the company’s stock worth $23,084,000 after purchasing an additional 53,240 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of monday.com during the fourth quarter worth $478,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNDY has been the topic of several research reports. Canaccord Genuity Group upped their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. DA Davidson reduced their price objective on monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald lifted their target price on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $349.91.

monday.com Price Performance

MNDY opened at $246.28 on Friday. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 410.47, a P/E/G ratio of 16.53 and a beta of 1.34. The business’s 50-day moving average price is $266.40 and its two-hundred day moving average price is $267.05. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.