Y Intercept Hong Kong Ltd Invests $2.44 Million in monday.com Ltd. (NASDAQ:MNDY)

Y Intercept Hong Kong Ltd bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,038 shares of the company's stock, valued at approximately $2,441,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in monday.com by 7.9% during the first quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares during the period. Clearbridge Investments LLC boosted its stake in monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after buying an additional 44 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after purchasing an additional 52 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after acquiring an additional 53 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after purchasing an additional 70 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Price Performance

monday.com stock opened at $287.54 on Wednesday. The company's 50 day simple moving average is $296.33 and its 200 day simple moving average is $273.60. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 293.41, a PEG ratio of 102.82 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The company had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the firm posted $0.61 EPS. The company's quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDY shares. Jefferies Financial Group reduced their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Loop Capital lowered their price target on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Scotiabank boosted their price target on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Barclays decreased their price objective on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus target price of $349.23.

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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