Benchstone Capital Management LP Buys Shares of 62,207 monday.com Ltd. (NASDAQ:MNDY)

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

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC grew its stake in shares of monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after buying an additional 1,189,858 shares in the last quarter. Jennison Associates LLC increased its stake in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after purchasing an additional 100,333 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after purchasing an additional 403,255 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of monday.com by 23.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after purchasing an additional 96,222 shares during the last quarter. Finally, Norges Bank bought a new stake in monday.com in the fourth quarter worth $116,686,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Up 1.0 %

NASDAQ MNDY traded up $2.63 on Tuesday, hitting $275.94. 350,328 shares of the company were exchanged, compared to its average volume of 796,508. The company has a market cap of $14.01 billion, a P/E ratio of 459.90, a P/E/G 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 firm has a 50 day moving average of $256.00 and a two-hundred day moving average of $265.66.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MNDY. Scotiabank upped their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday. DA Davidson lowered their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and cut their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group raised their target price on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $342.86.

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.