Tremblant Capital Group Buys New Position in monday.com Ltd. (NASDAQ:MNDY)

Tremblant Capital Group bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 110,562 shares of the company's stock, valued at approximately $26,031,000. monday.com makes up 2.7% of Tremblant Capital Group's investment portfolio, making the stock its 17th biggest holding. Tremblant Capital Group owned 0.23% of monday.com as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com during the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of monday.com during the 4th quarter valued at $33,000. Signaturefd LLC boosted its holdings in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

Shares of MNDY stock traded down $1.09 during mid-day trading on Friday, hitting $288.60. The company's stock had a trading volume of 283,649 shares, compared to its average volume of 761,407. The company's fifty day simple moving average is $263.24 and its 200-day simple moving average is $265.23. monday.com Ltd. has a 52 week low of $188.01 and a 52 week high of $342.64. The company has a market cap of $14.65 billion, a PE ratio of 481.00, a P/E/G ratio of 16.53 and a beta of 1.32.

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

Analyst Ratings Changes

Several research firms recently weighed in on MNDY. Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a report on Thursday. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. Barclays cut their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. UBS Group cut their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Cantor Fitzgerald raised their price objective on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Company 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.