Tairen Capital Ltd Has $4.57 Million Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Tairen Capital Ltd boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 198.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,400 shares of the company's stock after buying an additional 12,900 shares during the period. Tairen Capital Ltd's holdings in monday.com were worth $4,568,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. TenCore Partners LP raised its holdings in monday.com by 8.8% during the 4th quarter. TenCore Partners LP now owns 104,785 shares of the company's stock worth $24,671,000 after buying an additional 8,491 shares during the period. Shay Capital LLC raised its holdings in shares of monday.com by 941.8% in the fourth quarter. Shay Capital LLC now owns 16,200 shares of the company's stock valued at $3,814,000 after purchasing an additional 14,645 shares during the last quarter. Square Peg Capital PTY Ltd. acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $23,902,000. Point72 Hong Kong Ltd acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $1,779,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $9,629,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of MNDY opened at $293.13 on Friday. The company's 50-day moving average is $259.42 and its 200-day moving average is $265.15. The firm has a market capitalization of $14.88 billion, a PE ratio of 488.55, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Loop Capital dropped their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price target on shares of monday.com in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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