monday.com Ltd. (NASDAQ:MNDY) Stake Raised by Jackson Square Capital LLC

Jackson Square Capital LLC grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 153.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,955 shares of the company’s stock after purchasing an additional 9,666 shares during the period. monday.com makes up 1.1% of Jackson Square Capital LLC’s portfolio, making the stock its 27th biggest holding. Jackson Square Capital LLC’s holdings in monday.com were worth $4,432,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in monday.com during the third quarter worth approximately $43,000. Ridgewood Investments LLC bought a new stake in shares of monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC grew its holdings 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 worth $58,000 after acquiring an additional 102 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com during the second quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. raised its position in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 6.4 %

MNDY stock opened at $316.03 on Thursday. The firm has a market cap of $15.26 billion, a PE ratio of 395.04, a PEG ratio of 13.88 and a beta of 1.31. monday.com Ltd. has a 1 year low of $133.20 and a 1 year high of $316.39. The company has a fifty day simple moving average of $276.62 and a 200 day simple moving average of $243.88.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. As a group, analysts forecast that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MNDY. DA Davidson lifted their price target on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Barclays lifted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Capital One Financial started coverage on shares of monday.com in a research report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target for the company. Canaccord Genuity Group lifted their price objective on shares of monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, UBS Group boosted their target price on shares of monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $306.10.

About monday.com

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.