Viking Fund Management LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,000 shares of the company's stock, valued at approximately $1,216,000.
Several other institutional investors and hedge funds have also made changes to their positions in MNDY. Stonebridge Financial Group LLC purchased a new stake in monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in shares of monday.com during the fourth quarter valued at $33,000. Signaturefd LLC lifted its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
monday.com Trading Down 0.7%
Shares of monday.com stock traded down $2.20 during trading hours on Wednesday, reaching $305.19. 422,942 shares of the company's stock were exchanged, compared to its average volume of 745,717. 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 $267.61 and a two-hundred day moving average of $265.61. The stock has a market cap of $15.50 billion, a P/E ratio of 508.65, 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 data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating 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 firm had revenue of $282.25 million during the quarter, compared to analysts' expectations 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 expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MNDY has been the subject of several research analyst reports. DA Davidson cut their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective for the company in a report on Tuesday, February 11th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Loop Capital cut their price target on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of monday.com in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $346.50.
Check Out Our Latest Analysis on MNDY
monday.com Profile
(
Free Report)
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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