Polar Asset Management Partners Inc. Makes New $9.63 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

Polar Asset Management Partners Inc. acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,900 shares of the company's stock, valued at approximately $9,629,000. Polar Asset Management Partners Inc. owned 0.08% of monday.com as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MNDY. Quantinno Capital Management LP boosted its stake in shares of monday.com by 120.9% in the fourth quarter. Quantinno Capital Management LP now owns 1,699 shares of the company's stock valued at $400,000 after buying an additional 930 shares during the period. Man Group plc boosted its stake in shares of monday.com by 162.5% in the fourth quarter. Man Group plc now owns 316,190 shares of the company's stock valued at $74,444,000 after buying an additional 195,741 shares during the period. Nellore Capital Management LLC bought a new stake in shares of monday.com in the fourth quarter valued at approximately $1,177,000. Nuveen Asset Management LLC boosted its stake in shares of monday.com by 6.8% in the fourth quarter. Nuveen Asset Management LLC now owns 101,338 shares of the company's stock valued at $23,859,000 after buying an additional 6,485 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of monday.com by 116.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 383 shares of the company's stock valued at $90,000 after buying an additional 206 shares during the period. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

monday.com stock traded down $4.09 during mid-day trading on Wednesday, reaching $297.99. The company's stock had a trading volume of 206,203 shares, compared to its average volume of 769,383. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The company has a market capitalization of $15.13 billion, a P/E ratio of 497.53, a PEG ratio of 16.53 and a beta of 1.32. The firm's fifty day moving average price is $261.41 and its two-hundred day moving average price is $265.14.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same period in the previous year, the business earned $0.61 EPS. The business's revenue for the quarter was up 30.2% on a year-over-year basis. On average, research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

MNDY has been the subject of several research analyst reports. Canaccord Genuity Group lowered their price target on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Scotiabank raised their price target on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Tigress Financial raised their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company raised their price target on shares of monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $346.50.

About monday.com

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.