Graham Capital Management L.P. lifted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,028 shares of the company's stock after purchasing an additional 4,248 shares during the period. Graham Capital Management L.P.'s holdings in monday.com were worth $2,596,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in shares of monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the period. Norges Bank acquired a new stake in monday.com in the fourth quarter worth $116,686,000. T. Rowe Price Investment Management Inc. bought a new position in shares of monday.com during the fourth quarter worth $109,605,000. SG Americas Securities LLC grew its holdings in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after buying an additional 434,035 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after buying an additional 403,255 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.
monday.com Stock Performance
Shares of NASDAQ MNDY opened at $278.24 on Friday. monday.com Ltd. has a 52 week low of $180.66 and a 52 week high of $342.64. The stock's fifty day moving average is $255.69 and its 200 day moving average is $265.49. The stock has a market capitalization of $14.13 billion, a P/E ratio of 463.73, a PEG ratio of 16.53 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. UBS Group lowered their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Jefferies Financial Group cut their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Robert W. Baird increased their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their price target on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $342.86.
Get Our Latest Stock Analysis on MNDY
About monday.com
(
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.
Featured Articles
Want to see what other hedge funds are holding MNDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for monday.com Ltd. (NASDAQ:MNDY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
