Townsquare Capital LLC Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Townsquare Capital LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,030 shares of the company's stock, valued at approximately $478,000.

Several other hedge funds also recently modified their holdings of MNDY. Sterling Capital Management LLC increased its position in monday.com by 58.8% in the fourth quarter. Sterling Capital Management LLC now owns 17,050 shares of the company's stock worth $4,014,000 after buying an additional 6,314 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in monday.com by 7,282.0% in the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock worth $71,572,000 after acquiring an additional 299,874 shares during the last quarter. Capital Fund Management S.A. raised its stake in monday.com by 20.4% in the 4th quarter. Capital Fund Management S.A. now owns 32,528 shares of the company's stock valued at $7,658,000 after acquiring an additional 5,504 shares during the period. CenterBook Partners LP purchased a new stake in monday.com during the fourth quarter valued at about $1,945,000. Finally, APG Asset Management US Inc. bought a new position in monday.com during the fourth quarter worth about $278,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Stock Up 1.5 %

NASDAQ:MNDY traded up $4.01 on Friday, reaching $269.69. 177,190 shares of the company's stock traded hands, compared to its average volume of 801,173. The stock has a 50-day simple moving average of $260.51 and a 200-day simple moving average of $266.26. The firm has a market cap of $13.69 billion, a PE ratio of 448.52, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12 month low of $179.02 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MNDY shares. Scotiabank lowered their target price on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Barclays upped their price target on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a research report on Tuesday. Piper Sandler decreased their price target on shares of monday.com from $385.00 to $305.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $343.09.

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.