BloombergSen Inc. Purchases 1,518 Shares of monday.com Ltd. (NASDAQ:MNDY)

BloombergSen Inc. lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 81.9% during the third quarter, Holdings Channel reports. The institutional investor owned 3,372 shares of the company’s stock after buying an additional 1,518 shares during the quarter. monday.com comprises approximately 0.1% of BloombergSen Inc.’s investment portfolio, making the stock its 23rd largest holding. BloombergSen Inc.’s holdings in monday.com were worth $937,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. grew its holdings in monday.com by 63.9% in the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock worth $24,243,000 after purchasing an additional 41,840 shares during the last quarter. Bessemer Group Inc. purchased a new position in monday.com during the 1st quarter worth $1,314,000. Swiss National Bank grew its stake in monday.com by 4.1% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the company’s stock worth $19,515,000 after buying an additional 3,400 shares during the last quarter. Taylor Frigon Capital Management LLC acquired a new position in monday.com during the 3rd quarter valued at about $1,311,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in monday.com in the third quarter valued at about $1,667,000. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY opened at $318.56 on Friday. The company has a fifty day moving average of $277.72 and a two-hundred day moving average of $244.40. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 398.20, a PEG ratio of 13.88 and a beta of 1.31. monday.com Ltd. has a fifty-two week low of $133.50 and a fifty-two week high of $322.41.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million during 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%. On average, equities research analysts forecast that monday.com Ltd. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MNDY. The Goldman Sachs Group upped their price objective on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Robert W. Baird raised their price target on shares of monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Loop Capital lifted their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group upped their target price on monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of monday.com in a research report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average target price of $306.10.

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.