USS Investment Management Ltd Takes Position in monday.com Ltd. (NASDAQ:MNDY)

USS Investment Management Ltd acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 7,371 shares of the company's stock, valued at approximately $1,736,000.

Several other institutional investors also recently bought and sold shares of the company. Woodline Partners LP acquired a new position in shares of monday.com during the fourth quarter worth about $255,000. Tremblant Capital Group purchased a new stake in monday.com in the 4th quarter valued at approximately $26,031,000. Twinbeech Capital LP acquired a new position in monday.com during the 4th quarter worth approximately $12,146,000. Tairen Capital Ltd raised its stake in shares of monday.com by 198.5% during the 4th quarter. Tairen Capital Ltd now owns 19,400 shares of the company's stock worth $4,568,000 after buying an additional 12,900 shares in the last quarter. Finally, TenCore Partners LP lifted its holdings in shares of monday.com by 8.8% in the 4th quarter. TenCore Partners LP now owns 104,785 shares of the company's stock valued at $24,671,000 after buying an additional 8,491 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group decreased their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group increased their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Scotiabank raised their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Cantor Fitzgerald upped their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $346.50.

monday.com Trading Down 0.6%

Shares of NASDAQ MNDY traded down $1.91 on Wednesday, reaching $297.20. 372,563 shares of the company traded hands, compared to its average volume of 758,718. The stock has a market capitalization of $15.09 billion, a PE ratio of 495.33, a P/E/G 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. The company has a 50 day moving average of $264.45 and a 200 day moving average of $264.49.

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

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.