Aquatic Capital Management LLC Purchases New Shares in monday.com Ltd. (NASDAQ:MNDY)

Aquatic Capital Management 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 3,746 shares of the company's stock, valued at approximately $882,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MNDY. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of monday.com during the 4th quarter worth $33,000. Signaturefd LLC boosted its holdings in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Performance

monday.com stock traded down $2.81 during mid-day trading on Monday, hitting $276.31. 238,237 shares of the company traded hands, compared to its average volume of 949,494. The stock has a fifty day moving average price of $257.06 and a 200-day moving average price of $265.69. monday.com Ltd. has a one year low of $180.66 and a one year high of $342.64. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 459.81, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

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 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%. Sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MNDY shares. Cantor Fitzgerald increased their target price on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company cut their price target on monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Scotiabank upped their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday. Finally, Needham & Company LLC lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus price target of $345.14.

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.