Curi RMB Capital LLC Buys 1,725 Shares of monday.com Ltd. (NASDAQ:MNDY)

Curi RMB Capital LLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,205 shares of the company’s stock after purchasing an additional 1,725 shares during the quarter. Curi RMB Capital LLC owned 0.07% of monday.com worth $8,946,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com during the 3rd quarter worth $43,000. Ridgewood Investments LLC bought a new position in shares of monday.com in the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com during the 2nd quarter valued at approximately $69,000. Finally, Industrial Alliance Investment Management Inc. increased its position in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of MNDY stock opened at $268.90 on Friday. monday.com Ltd. has a fifty-two week low of $162.06 and a fifty-two week high of $324.99. The stock has a 50 day simple moving average of $280.09 and a two-hundred day simple moving average of $247.65. The company has a market cap of $12.98 billion, a P/E ratio of 655.85, a PEG ratio of 12.55 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue was up 49.5% on a year-over-year basis. On average, research analysts predict that monday.com Ltd. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Oppenheimer boosted their price objective on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their target price on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday. DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of monday.com in a research note on Tuesday. Finally, The Goldman Sachs Group upped their price objective on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average target price of $310.10.

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.