monday.com Ltd. (NASDAQ:MNDY) Stock Holdings Increased by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 340.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,866 shares of the company’s stock after acquiring an additional 3,762 shares during the quarter. monday.com comprises 0.6% of O Neil Global Advisors Inc.’s holdings, making the stock its 26th biggest position. O Neil Global Advisors Inc.’s holdings in monday.com were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in shares of monday.com in the second quarter worth approximately $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of monday.com by 72.9% in 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 last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of monday.com by 2.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock worth $65,000 after buying an additional 691 shares during the period. Opal Wealth Advisors LLC acquired a new position in monday.com during the 2nd quarter worth $69,000. Finally, PNC Financial Services Group Inc. grew its holdings in monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MNDY. DA Davidson upped their price target on monday.com from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Barclays upped their price objective on monday.com from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. 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 report on Tuesday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, William Blair reissued an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $285.79.

monday.com Trading Down 1.3 %

Shares of NASDAQ MNDY opened at $255.73 on Friday. The firm’s 50-day moving average price is $242.79 and its 200-day moving average price is $225.55. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $272.77. The firm has a market capitalization of $12.35 billion, a P/E ratio of 672.99, a P/E/G ratio of 12.23 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Equities research analysts forecast that monday.com Ltd. will post 0.49 EPS for the current year.

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.