Concentric Capital Strategies LP lifted its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 470.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,310 shares of the company's stock after buying an additional 12,625 shares during the quarter. Concentric Capital Strategies LP's holdings in monday.com were worth $3,605,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com during the 4th quarter worth $28,000. R Squared Ltd purchased a new stake in monday.com during the 4th quarter worth about $33,000. Signaturefd LLC raised its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Performance
Shares of monday.com stock opened at $276.27 on Thursday. The company has a market capitalization of $14.03 billion, a P/E ratio of 460.45, a PEG 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 company's fifty day moving average is $255.59 and its two-hundred day moving average is $265.73.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly 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 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on MNDY shares. Piper Sandler cut their target price on shares of monday.com from $385.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Cantor Fitzgerald increased their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. DA Davidson decreased their price objective on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group lowered their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $342.86.
Get Our Latest Research Report on monday.com
monday.com Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding MNDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for monday.com Ltd. (NASDAQ:MNDY - Free Report).
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