monday.com Ltd. (NASDAQ:MNDY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24,216.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,459 shares of the company's stock after buying an additional 1,453 shares during the quarter. GAMMA Investing LLC's holdings in monday.com were worth $355,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its stake in shares of monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after buying an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in monday.com during the fourth quarter worth approximately $245,000. Bank of Montreal Can boosted its position in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares in the last quarter. Bailard Inc. boosted its position in monday.com by 147.5% during the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after purchasing an additional 8,329 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Price Performance

Shares of NASDAQ:MNDY traded down $6.97 during midday trading on Friday, hitting $280.46. The company had a trading volume of 525,027 shares, compared to its average volume of 742,075. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 286.18, a price-to-earnings-growth ratio of 101.48 and a beta of 1.30. The business's 50-day simple moving average is $282.22 and its 200-day simple moving average is $267.11.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same quarter last year, the firm earned $0.61 earnings per share. The business's revenue for the quarter was up 30.2% on a year-over-year basis. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Ratings Changes

MNDY has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Loop Capital lowered their price target on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of monday.com in a research report on Tuesday, May 13th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Tigress Financial increased their price target on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $347.09.

monday.com Company 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.