Schonfeld Strategic Advisors LLC Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Schonfeld Strategic Advisors LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,521 shares of the company's stock, valued at approximately $3,890,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNDY. Northern Trust Corp raised its stake in monday.com by 15.6% in the fourth quarter. Northern Trust Corp now owns 390,404 shares of the company's stock valued at $91,917,000 after buying an additional 52,804 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in monday.com by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,623 shares of the company's stock valued at $3,207,000 after purchasing an additional 274 shares during the last quarter. KP Management LLC boosted its position in monday.com by 43.5% during the fourth quarter. KP Management LLC now owns 16,500 shares of the company's stock worth $3,885,000 after purchasing an additional 5,000 shares during the period. Melqart Asset Management UK Ltd increased its holdings in shares of monday.com by 301.0% in the fourth quarter. Melqart Asset Management UK Ltd now owns 69,883 shares of the company's stock valued at $16,453,000 after purchasing an additional 52,454 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of monday.com in the fourth quarter valued at about $882,000. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNDY. Scotiabank upped 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 note on Friday, May 2nd. Needham & Company LLC upped their target price on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Piper Sandler dropped their price target on monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Tigress Financial increased their price objective on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $342.86.

monday.com Trading Up 0.2 %

MNDY stock traded up $0.67 during midday trading on Wednesday, hitting $276.27. The stock had a trading volume of 564,691 shares, compared to its average volume of 795,585. The firm has a market cap of $14.03 billion, a P/E ratio of 460.45, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The business has a fifty day moving average price of $256.00 and a two-hundred day moving average price of $265.66. monday.com Ltd. has a 1-year low of $180.66 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

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.