JAT Capital Mgmt LP Takes $7.09 Million Position in monday.com Ltd. (NASDAQ:MNDY)

JAT Capital Mgmt LP purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,109 shares of the company's stock, valued at approximately $7,089,000. monday.com comprises approximately 1.1% of JAT Capital Mgmt LP's portfolio, making the stock its 21st biggest holding. JAT Capital Mgmt LP owned approximately 0.06% of monday.com as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MNDY. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com in the 4th quarter worth $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter valued at about $33,000. Signaturefd LLC raised its stake in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on MNDY shares. Canaccord Genuity Group upped their price target on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their price target on monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group cut their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday. Jefferies Financial Group dropped their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and an average price target of $345.14.

monday.com Stock Performance

monday.com stock traded up $1.99 during midday trading on Friday, hitting $279.12. 553,792 shares of the company's stock were exchanged, compared to its average volume of 798,403. monday.com Ltd. has a 12 month low of $180.66 and a 12 month high of $342.64. The company has a market cap of $14.17 billion, a PE ratio of 465.20, a P/E/G ratio of 16.53 and a beta of 1.34. The firm has a 50-day moving average of $257.06 and a two-hundred day moving average of $265.95.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com 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.