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Boothbay Fund Management LLC Boosts Stock Position in monday.com Ltd. (NASDAQ:MNDY)

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Boothbay Fund Management LLC grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 105.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the company's stock after purchasing an additional 4,158 shares during the quarter. Boothbay Fund Management LLC's holdings in monday.com were worth $1,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MNDY. FMR LLC boosted its holdings 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 worth $636,147,000 after buying an additional 1,189,858 shares during the last quarter. Jennison Associates LLC grew its position 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 valued at $195,606,000 after acquiring an additional 100,333 shares during the period. CIBC Private Wealth Group LLC increased its stake 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 worth $126,407,000 after purchasing an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 worth $117,708,000 after purchasing an additional 96,222 shares during the period. Finally, Norges Bank bought a new position in monday.com during the fourth quarter valued at $116,686,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Up 0.7 %

MNDY stock traded up $1.99 during trading on Friday, hitting $279.12. 553,792 shares of the company's stock traded hands, compared to its average volume of 799,657. The firm has a market capitalization of $14.17 billion, a P/E ratio of 465.20, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 1 year low of $180.66 and a 1 year high of $342.64. The business has a fifty day simple moving average of $257.06 and a two-hundred day simple moving average of $265.83.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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 research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MNDY shares. Tigress Financial increased their price target on shares of 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 target price 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 lifted their target price on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday. Piper Sandler cut their price target on shares of monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Citigroup raised monday.com from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Three 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 a consensus price target of $345.14.

Check Out Our Latest Stock Report on monday.com

monday.com 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.

See Also

Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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