Twinbeech Capital LP Takes $12.15 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Twinbeech Capital LP bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 51,587 shares of the company's stock, valued at approximately $12,146,000. Twinbeech Capital LP owned 0.11% of monday.com as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its stake in shares of monday.com by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after acquiring an additional 1,318 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com during the fourth quarter worth about $245,000. Bank of Montreal Can boosted its position in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the period. Bailard Inc. boosted its position in monday.com by 147.5% during the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after purchasing an additional 8,329 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

NASDAQ MNDY traded down $1.09 on Friday, reaching $288.60. 283,649 shares of the company's stock traded hands, compared to its average volume of 761,674. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The stock has a 50-day simple moving average of $263.24 and a 200 day simple moving average of $264.87. The stock 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 issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $275.93 million. During the same period in the previous year, the firm earned $0.61 EPS. The company's quarterly revenue was up 30.2% compared to the same quarter last year. As a group, analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Cantor Fitzgerald increased their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Canaccord Genuity Group lowered their price target on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. UBS Group lowered their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Tigress Financial increased their price target 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. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average 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.