Polar Asset Management Partners Inc. Purchases Shares of 40,900 monday.com Ltd. (NASDAQ:MNDY)

Polar Asset Management Partners Inc. acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 40,900 shares of the company's stock, valued at approximately $9,629,000. Polar Asset Management Partners Inc. owned approximately 0.08% of monday.com at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the period. Norges Bank acquired a new position in shares of monday.com in the fourth quarter valued at approximately $116,686,000. T. Rowe Price Investment Management Inc. acquired a new position in monday.com during the fourth quarter worth approximately $109,605,000. CIBC Private Wealth Group LLC boosted its position in 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 during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings 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 during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Up 0.8%

NASDAQ MNDY traded up $2.45 during mid-day trading on Friday, reaching $295.64. 181,342 shares of the company's stock traded hands, compared to its average volume of 754,981. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The company has a fifty day simple moving average of $265.42 and a 200-day simple moving average of $264.84. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 492.73, a P/E/G ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last posted 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 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 company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNDY has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of monday.com in a 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. Wells Fargo & Company upped their target price on shares of monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. DA Davidson cut their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Loop Capital decreased their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $346.50.

monday.com 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.