1,479 Shares in monday.com Ltd. (NASDAQ:MNDY) Acquired by Fulton Bank N.A.

Fulton Bank N.A. acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,479 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors have also added to or reduced their stakes in MNDY. WCM Investment Management LLC acquired a new position in monday.com during the 1st quarter worth approximately $728,521,000. Jennison Associates LLC acquired a new position in monday.com during the 4th quarter worth approximately $131,086,000. Baillie Gifford & Co. acquired a new position in monday.com during the 1st quarter worth approximately $76,534,000. Clearbridge Investments LLC increased its position in monday.com by 2,851.5% during the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after purchasing an additional 332,852 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in monday.com in the 4th quarter valued at approximately $58,689,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

monday.com stock traded up $6.33 during mid-day trading on Tuesday, reaching $208.74. The stock had a trading volume of 630,674 shares, compared to its average volume of 786,180. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 549.32, a PEG ratio of 43.41 and a beta of 1.30. The company has a 50-day moving average price of $228.83 and a two-hundred day moving average price of $218.17. monday.com Ltd. has a one year low of $122.13 and a one year high of $251.48.

monday.com (NASDAQ:MNDY) last posted its earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The business had revenue of $216.91 million for the quarter, compared to analysts’ expectations of $210.33 million. On average, equities research analysts anticipate that monday.com Ltd. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. KeyCorp decreased their price target on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. The Goldman Sachs Group upped their price target on shares of monday.com from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Citigroup cut shares of monday.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. Barclays started coverage on shares of monday.com in a research report on Wednesday, June 26th. They set an “overweight” rating and a $275.00 price objective for the company. Finally, Oppenheimer increased their price objective on shares of monday.com from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.53.

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.