Metavasi Capital LP Grows Stake in monday.com Ltd. (NASDAQ:MNDY)

Metavasi Capital LP increased its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,075 shares of the company's stock after acquiring an additional 13,775 shares during the period. monday.com comprises approximately 3.6% of Metavasi Capital LP's portfolio, making the stock its 9th biggest holding. Metavasi Capital LP owned about 0.09% of monday.com worth $10,142,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in monday.com during the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new position in monday.com in the fourth quarter worth $33,000. Signaturefd LLC lifted its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its stake 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 worth $35,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of recent research reports. 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 research note on Tuesday, February 11th. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Scotiabank upped their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a report on Friday. Robert W. Baird lifted their target price on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Finally, Cantor Fitzgerald boosted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $345.14.

monday.com Price Performance

Shares of NASDAQ MNDY traded down $5.81 during mid-day trading on Monday, hitting $273.31. The company's stock had a trading volume of 370,004 shares, compared to its average volume of 797,939. monday.com Ltd. has a one year low of $180.66 and a one year high of $342.64. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 455.52, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The company's fifty day simple moving average is $257.06 and its 200-day simple moving average is $265.69.

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 return on equity of 6.22% and a net margin of 3.33%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS 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.