Point72 Hong Kong Ltd Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Point72 Hong Kong Ltd purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,554 shares of the company's stock, valued at approximately $1,779,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MNDY. Barclays PLC boosted its holdings in monday.com by 225.8% in the third quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after acquiring an additional 12,078 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in monday.com by 35.8% in the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after acquiring an additional 14,059 shares in the last quarter. Park Avenue Securities LLC bought a new position in monday.com in the fourth quarter worth approximately $241,000. Channel Wealth LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $986,000. Finally, Oak Ridge Investments LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $633,000. Institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MNDY shares. Robert W. Baird raised their target price on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Tigress Financial raised 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. Scotiabank raised their target price on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. DA Davidson dropped their target price on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $400.00 target price on shares of monday.com in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, monday.com has an average rating of "Moderate Buy" and an average price target of $346.50.

monday.com Price Performance

NASDAQ:MNDY opened at $292.97 on Friday. The business has a fifty day simple moving average of $258.41 and a two-hundred day simple moving average of $265.46. monday.com Ltd. has a 1 year low of $188.01 and a 1 year high of $342.64. The company has a market capitalization of $14.87 billion, a P/E ratio of 488.28, a P/E/G ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. As a group, analysts anticipate 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.

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