Benchstone Capital Management LP Makes New $14.65 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

Benchstone Capital Management LP purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 62,207 shares of the company's stock, valued at approximately $14,646,000. Benchstone Capital Management LP owned about 0.13% of monday.com at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Clearbridge Investments LLC grew its stake in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after purchasing an additional 44 shares in the last quarter. Prudential Financial Inc. grew its holdings in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the period. Global Retirement Partners LLC increased its holdings in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc increased its stake in shares of monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group reduced their target price on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Barclays lifted their target price on monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Tigress Financial lifted their price objective on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company cut their price target on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Canaccord Genuity Group lifted their price target on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $342.86.

monday.com Price Performance

NASDAQ MNDY traded down $7.79 on Friday, hitting $273.90. 818,089 shares of the company were exchanged, compared to its average volume of 795,683. monday.com Ltd. has a twelve month low of $180.66 and a twelve month high of $342.64. The company's 50 day moving average price is $255.66 and its 200-day moving average price is $265.68. The firm has a market capitalization of $13.91 billion, a P/E ratio of 456.50, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last released 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%. As a group, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

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.