Crestline Management LP acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,118 shares of the company's stock, valued at approximately $5,914,000. Crestline Management LP owned 0.05% of monday.com at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its stake in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after acquiring an additional 1,318 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com during the 4th quarter worth approximately $245,000. Bank of Montreal Can increased its holdings in monday.com by 62.0% during the 4th quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the last quarter. Bailard Inc. raised its position in shares of monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Performance
Shares of NASDAQ:MNDY opened at $275.94 on Wednesday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 459.90, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1-year low of $180.66 and a 1-year high of $342.64. The company has a 50 day moving average price of $256.00 and a 200 day moving average price of $265.66.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on MNDY shares. JPMorgan Chase & Co. cut their price target on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday. Jefferies Financial Group reduced their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Canaccord Genuity Group boosted their price objective on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Cantor Fitzgerald increased their target price on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, UBS Group lowered their price target on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three investment 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, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $342.86.
Read Our Latest Analysis on monday.com
monday.com Company Profile
(
Free Report)
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.
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