Boothbay Fund Management LLC Raises Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Boothbay Fund Management LLC raised its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 105.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,106 shares of the company's stock after acquiring an additional 4,158 shares during the quarter. Boothbay Fund Management LLC's holdings in monday.com were worth $1,908,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MNDY. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in monday.com in the fourth quarter worth about $33,000. Signaturefd LLC lifted its holdings in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

MNDY traded down $3.86 during midday trading on Thursday, reaching $277.13. The company had a trading volume of 725,523 shares, compared to its average volume of 799,970. The stock has a market cap of $14.07 billion, a PE ratio of 461.88, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12-month low of $179.02 and a 12-month high of $342.64. The business has a 50-day moving average price of $257.85 and a two-hundred day moving average price of $266.10.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly 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 net margin of 3.33% and a return on equity of 6.22%. On average, research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

MNDY has been the topic of several research reports. The Goldman Sachs Group raised their target price on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Tigress Financial increased their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their price target on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $344.45.

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.