Rubicon Global Capital Ltd acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 565,200 shares of the company's stock, valued at approximately $137,434,000. monday.com makes up about 46.9% of Rubicon Global Capital Ltd's portfolio, making the stock its biggest position. Rubicon Global Capital Ltd owned 1.11% of monday.com at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of monday.com by 74.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company's stock valued at $64,000 after buying an additional 117 shares during the period. Choreo LLC lifted its holdings in shares of monday.com by 3.8% during the 4th quarter. Choreo LLC now owns 3,005 shares of the company's stock valued at $707,000 after buying an additional 111 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of monday.com by 4.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 69,621 shares of the company's stock valued at $16,392,000 after buying an additional 2,930 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of monday.com by 16.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,798 shares of the company's stock valued at $894,000 after buying an additional 541 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of monday.com during the 4th quarter valued at $25,000. 73.70% of the stock is owned by institutional investors.
monday.com Trading Down 6.4%
Shares of NASDAQ:MNDY traded down $19.01 during trading on Friday, reaching $279.95. The company's stock had a trading volume of 899,019 shares, compared to its average volume of 743,219. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The firm's 50 day simple moving average is $277.67 and its two-hundred day simple moving average is $267.02. The stock has a market capitalization of $14.21 billion, a PE ratio of 466.58, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. Research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MNDY. Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 target price on shares of monday.com in a report on Tuesday, May 13th. Barclays decreased their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. DA Davidson decreased their target price on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Tigress Financial raised their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and a consensus price target of $347.86.
Get Our Latest Stock Report on MNDY
About monday.com
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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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