monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 103.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,010 shares of the company’s stock after acquiring an additional 4,070 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in monday.com were worth $1,928,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Crossmark Global Holdings Inc. boosted its stake in monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after acquiring an additional 50 shares in the last quarter. FDx Advisors Inc. boosted its stake in monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the period. American International Group Inc. boosted its stake in shares of monday.com by 2.3% during the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after buying an additional 102 shares during the period. Gilliland Jeter Wealth Management LLC boosted its stake in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after buying an additional 102 shares during the period. Finally, Nvwm LLC grew its holdings in shares of monday.com by 6.4% during the first quarter. Nvwm LLC now owns 2,735 shares of the company’s stock worth $618,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent research reports. Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Wolfe Research started coverage on shares of monday.com in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 price objective on the stock. Loop Capital lifted their target price on shares of monday.com from $245.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Barclays increased their target price on monday.com from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, TD Cowen upped their price target on shares of monday.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen 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 target price of $285.79.

monday.com Trading Down 3.2 %

Shares of NASDAQ:MNDY opened at $241.08 on Friday. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $272.77. The stock’s 50-day moving average price is $241.98 and its two-hundred day moving average price is $224.24. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 634.42, a PEG ratio of 12.99 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its 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. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The business had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. As a group, research analysts forecast that monday.com Ltd. will post 0.49 earnings per share for the current fiscal 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.