KP Management LLC increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 43.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,500 shares of the company's stock after buying an additional 5,000 shares during the quarter. KP Management LLC's holdings in monday.com were worth $3,885,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after purchasing an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of monday.com in the 4th quarter valued at $245,000. Bank of Montreal Can raised its holdings in shares of monday.com by 62.0% in the 4th quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock valued at $5,203,000 after buying an additional 8,454 shares during the period. Bailard Inc. increased its holdings in monday.com by 147.5% during the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after purchasing an additional 8,329 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Barclays upped their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. UBS Group decreased their price objective 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. Finally, Scotiabank reduced their target price on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $344.45.
View Our Latest Stock Analysis on MNDY
monday.com Stock Performance
Shares of NASDAQ:MNDY traded up $4.69 during mid-day trading on Wednesday, hitting $280.99. The stock had a trading volume of 420,655 shares, compared to its average volume of 801,073. The company has a market cap of $14.27 billion, a PE ratio of 468.32, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12-month low of $179.02 and a 12-month high of $342.64. The company's 50 day moving average is $258.24 and its 200-day moving average is $266.00.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly 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%. On average, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
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.
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