BNP Paribas Financial Markets Invests $65.90 Million in monday.com Ltd. (NASDAQ:MNDY)

BNP Paribas Financial Markets purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 279,895 shares of the company’s stock, valued at approximately $65,898,000. BNP Paribas Financial Markets owned 0.58% of monday.com at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its position in shares of monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after acquiring an additional 44 shares during the period. Prudential Financial Inc. lifted its position in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after purchasing an additional 53 shares during the period. Global Retirement Partners LLC lifted its position in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. Venturi Wealth Management LLC grew its stake in monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc increased its holdings in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock valued at $142,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY stock opened at $275.94 on Wednesday. The stock has a market capitalization of $14.01 billion, a PE ratio of 459.90, a PEG ratio of 16.53 and a beta of 1.32. The business’s 50 day simple moving average is $256.00 and its 200 day simple moving average is $265.66. monday.com Ltd. has a one year low of $180.66 and a one year high of $342.64.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MNDY. Robert W. Baird upped their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research note on Tuesday, February 11th. Tigress Financial lifted their price target on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays upped their price objective on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their target price on monday.com from $380.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $342.86.

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.