monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 120.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,699 shares of the company's stock after buying an additional 930 shares during the period. Quantinno Capital Management LP's holdings in monday.com were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the 4th quarter worth $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter worth $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MNDY shares. Jefferies Financial Group decreased their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Canaccord Genuity Group lowered their target price on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Tigress Financial boosted their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. UBS Group dropped their price target on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Three 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $346.50.

monday.com Trading Up 0.1%

NASDAQ:MNDY traded up $0.32 during trading hours on Friday, reaching $293.51. The company had a trading volume of 70,610 shares, compared to its average volume of 754,523. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 489.18, a PEG ratio of 16.53 and a beta of 1.32. The firm's 50 day moving average price is $265.42 and its 200-day moving average price is $264.84. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The business had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. During the same quarter in the previous year, the company earned $0.61 EPS. The business's quarterly revenue was up 30.2% compared to the same quarter last year. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.