monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 301.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,883 shares of the company's stock after acquiring an additional 52,454 shares during the period. monday.com comprises approximately 2.0% of Melqart Asset Management UK Ltd's investment portfolio, making the stock its 16th biggest position. Melqart Asset Management UK Ltd owned approximately 0.14% of monday.com worth $16,453,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

MNDY has been the subject of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Tigress Financial upped their target price on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays lifted their target price 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. Finally, Cantor Fitzgerald raised their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $344.45.

monday.com Price Performance

Shares of monday.com stock traded down $3.86 during trading on Thursday, hitting $277.13. 725,420 shares of the stock were exchanged, compared to its average volume of 800,773. The firm's 50-day moving average price is $257.85 and its 200 day moving average price is $266.10. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 461.88, a price-to-earnings-growth 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.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.