Twinbeech Capital LP Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Twinbeech Capital LP purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 51,587 shares of the company's stock, valued at approximately $12,146,000. Twinbeech Capital LP owned approximately 0.11% of monday.com at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNDY. Barclays PLC raised its position in monday.com by 225.8% in the third quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after acquiring an additional 12,078 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in monday.com during the 4th quarter worth about $241,000. Oak Ridge Investments LLC acquired a new stake in monday.com during the 4th quarter worth about $633,000. Legal Advantage Investments Inc. acquired a new stake in monday.com during the 4th quarter worth about $235,000. Finally, SG Americas Securities LLC raised its holdings in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after buying an additional 434,035 shares during the period. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $290.10 on Tuesday. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The stock has a market cap of $14.73 billion, a PE ratio of 483.50, a PEG ratio of 16.53 and a beta of 1.32. The business has a fifty day moving average of $260.22 and a two-hundred day moving average of $264.88.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Loop Capital cut their price objective on monday.com from $385.00 to $375.00 and set a "buy" 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. Robert W. Baird boosted their price objective on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price objective on monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently 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.

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