Woodline Partners LP purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,081 shares of the company's stock, valued at approximately $255,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in shares of monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter valued at about $33,000. Signaturefd LLC lifted its stake in shares of 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 acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC lifted 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 acquiring an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company's stock.
monday.com Stock Performance
Shares of MNDY traded up $2.45 during mid-day trading on Friday, reaching $295.64. The company had a trading volume of 768,586 shares, compared to its average volume of 750,959. The firm has a 50-day moving average price of $265.78 and a 200 day moving average price of $265.03. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 492.73, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. During the same period in the previous year, the firm posted $0.61 EPS. The business's revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MNDY. Canaccord Genuity Group lowered their target price on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Jefferies Financial Group reduced their price target on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Scotiabank boosted their price target on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, monday.com has a consensus rating of "Moderate Buy" and an average price target of $346.50.
Read Our Latest Stock Analysis on MNDY
monday.com Company 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.
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