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

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.

monday.com 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.