2,971 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,971 shares of the company's stock, valued at approximately $699,000.

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

monday.com Stock Down 1.4 %

Shares of MNDY stock traded down $3.86 on Thursday, reaching $277.13. The company's stock had a trading volume of 725,523 shares, compared to its average volume of 799,970. monday.com Ltd. has a 12-month low of $179.02 and a 12-month high of $342.64. The stock's 50 day simple moving average is $257.43 and its 200-day simple moving average is $266.00. The company has a market capitalization of $14.07 billion, a P/E ratio of 461.88, a PEG ratio of 16.53 and a beta of 1.34.

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

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of recent research reports. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their target price on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson dropped their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Needham & Company LLC boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Three 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $344.45.

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.