monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by TenCore Partners LP

TenCore Partners LP raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,785 shares of the company's stock after purchasing an additional 8,491 shares during the quarter. monday.com accounts for approximately 12.2% of TenCore Partners LP's holdings, making the stock its 4th largest holding. TenCore Partners LP owned 0.22% of monday.com worth $24,671,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Shay Capital LLC boosted its holdings in monday.com by 941.8% during the fourth quarter. Shay Capital LLC now owns 16,200 shares of the company's stock worth $3,814,000 after purchasing an additional 14,645 shares during the last quarter. Square Peg Capital PTY Ltd. bought a new stake in monday.com during the 4th quarter worth about $23,902,000. Point72 Hong Kong Ltd acquired a new position in shares of monday.com during the 4th quarter worth about $1,779,000. Polar Asset Management Partners Inc. bought a new position in shares of monday.com in the 4th quarter valued at about $9,629,000. Finally, Quantinno Capital Management LP grew its holdings in shares of monday.com by 120.9% in the 4th quarter. Quantinno Capital Management LP now owns 1,699 shares of the company's stock valued at $400,000 after acquiring an additional 930 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Up 0.2%

Shares of NASDAQ:MNDY traded up $0.53 on Friday, reaching $290.22. 123,587 shares of the company's stock were exchanged, compared to its average volume of 761,887. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The company has a fifty day moving average of $262.61 and a 200-day moving average of $265.28. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of 483.09, a PEG ratio of 16.53 and a beta of 1.32.

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

Analysts Set New Price Targets

Several analysts recently issued reports on MNDY shares. UBS Group dropped their target price on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Robert W. Baird increased their price objective on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Wall Street Zen upgraded shares of monday.com from a "hold" rating to a "buy" rating in a report on Thursday. Cantor Fitzgerald lifted their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.