32,520 Shares in monday.com Ltd. $MNDY Acquired by BW Gestao de Investimentos Ltda.

Key Points

• BW Gestao de Investimentos Ltda. bought 32,520 shares of monday.com during the third quarter, a new stake worth about $6.30 million (roughly 0.06% of the company at period end).
• monday.com reported a quarterly beat with $1.04 EPS versus $0.91 expected and revenue of $333.88 million, up 24.6% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $155.38 (19 Buys, 6 Holds, 1 Sell) versus the stock trading near $81.06.

BW Gestao de Investimentos Ltda. purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,520 shares of the company's stock, valued at approximately $6,299,000. BW Gestao de Investimentos Ltda. owned approximately 0.06% of monday.com at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company's stock worth $47,000 after purchasing an additional 65 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of monday.com by 40.4% in the second quarter. First Horizon Advisors Inc. now owns 233 shares of the company's stock valued at $73,000 after acquiring an additional 67 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of monday.com by 5.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company's stock worth $349,000 after acquiring an additional 91 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of monday.com by 1.8% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 5,335 shares of the company's stock worth $1,678,000 after acquiring an additional 95 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after acquiring an additional 106 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Up 3.0%

monday.com stock opened at $81.06 on Tuesday. The company has a market cap of $4.12 billion, a PE ratio of 36.03, a PEG ratio of 1.46 and a beta of 1.32. monday.com Ltd. has a 1 year low of $68.68 and a 1 year high of $316.98. The company's 50-day moving average is $106.58 and its two-hundred day moving average is $151.69.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The company had revenue of $333.88 million during the quarter, compared to analysts' expectations of $329.71 million. During the same quarter in the previous year, the company earned $1.08 EPS. monday.com's revenue was up 24.6% on a year-over-year basis. Research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on MNDY shares. BTIG Research reduced their price objective on monday.com from $210.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Tigress Financial lifted their price target on monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Wolfe Research reiterated an "outperform" rating and set a $95.00 price target on shares of monday.com in a research report on Monday, February 9th. Loop Capital set a $80.00 price objective on shares of monday.com in a research report on Tuesday, February 10th. Finally, Barclays set a $115.00 target price on shares of monday.com in a research report on Tuesday, February 10th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $155.38.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.