Captrust Financial Advisors Purchases 85 Shares of monday.com Ltd. (NASDAQ:MNDY)

Captrust Financial Advisors raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,041 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Captrust Financial Advisors’ holdings in monday.com were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in monday.com in the 4th quarter valued at $33,000. Signaturefd LLC increased its holdings in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in 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. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of research reports. Scotiabank lifted their price target on shares of monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Jefferies Financial Group dropped their price objective on shares of monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Robert W. Baird lifted their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, Loop Capital dropped their price objective on shares of monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $346.50.

monday.com Trading Up 4.1%

MNDY stock opened at $290.49 on Wednesday. monday.com Ltd. has a 12 month low of $181.00 and a 12 month high of $342.64. The company has a 50-day moving average price of $256.40 and a 200 day moving average price of $265.30. The stock has a market cap of $14.75 billion, a PE ratio of 484.15, a P/E/G ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

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.