GAMMA Investing LLC Purchases 1,453 Shares of monday.com Ltd. (NASDAQ:MNDY)

GAMMA Investing LLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24,216.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Norges Bank acquired a new stake in monday.com during the fourth quarter worth $116,686,000. T. Rowe Price Investment Management Inc. bought a new stake in monday.com in the 4th quarter valued at $109,605,000. CIBC Private Wealth Group LLC raised its stake in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after buying an additional 403,255 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of monday.com by 7,282.0% in the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock valued at $71,572,000 after buying an additional 299,874 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

Shares of NASDAQ MNDY traded up $11.64 during midday trading on Tuesday, hitting $300.33. The stock had a trading volume of 667,275 shares, compared to its average volume of 740,340. The firm has a market cap of $15.25 billion, a P/E ratio of 306.46, a price-to-earnings-growth ratio of 101.48 and a beta of 1.30. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The company's 50-day simple moving average is $283.08 and its 200 day simple moving average is $266.93.

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 for the quarter, topping the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. DA Davidson decreased their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays dropped their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Piper Sandler boosted their price target on monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Scotiabank upped their price target on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average price target of $347.09.

About monday.com

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.