monday.com Ltd. $MNDY Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 1,517.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,016 shares of the company’s stock after acquiring an additional 161,382 shares during the quarter. BNP Paribas Financial Markets’ holdings in monday.com were worth $25,383,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MNDY. Capital World Investors grew its position in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after acquiring an additional 1,198,761 shares in the last quarter. Norges Bank acquired a new position in shares of monday.com in the 4th quarter worth approximately $79,789,000. SG Americas Securities LLC grew its position in shares of monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after acquiring an additional 490,491 shares in the last quarter. Marshall Wace LLP grew its position in shares of monday.com by 294.0% in the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after acquiring an additional 302,961 shares in the last quarter. Finally, Amundi grew its position in shares of monday.com by 104.2% in the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after acquiring an additional 261,000 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 1.6%

Shares of MNDY stock opened at $87.31 on Friday. The business has a 50 day moving average of $71.94 and a two-hundred day moving average of $101.41. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98. The company has a market cap of $4.47 billion, a P/E ratio of 37.96, a PEG ratio of 4.30 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $351.27 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Analysts expect that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of research reports. Piper Sandler lifted their target price on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Citigroup decreased their target price on monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Tigress Financial decreased their target price on monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. TD Cowen lifted their target price on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald decreased their target price on monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.48.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.