ShawSpring Partners LLC Has $89.16 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

ShawSpring Partners LLC increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 378,712 shares of the company's stock after acquiring an additional 28,182 shares during the quarter. monday.com comprises 11.8% of ShawSpring Partners LLC's investment portfolio, making the stock its 3rd largest holding. ShawSpring Partners LLC owned approximately 0.78% of monday.com worth $89,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its position in monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after purchasing an additional 1,318 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com during the 4th quarter valued at approximately $245,000. Bank of Montreal Can lifted its stake in shares of monday.com by 62.0% in the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after buying an additional 8,454 shares in the last quarter. Bailard Inc. raised its holdings in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after purchasing an additional 8,329 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY traded down $13.01 during mid-day trading on Monday, hitting $233.27. The company's stock had a trading volume of 128,237 shares, compared to its average volume of 803,371. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 388.78, a PEG ratio of 16.53 and a beta of 1.34. The firm has a 50-day moving average price of $266.40 and a 200 day moving average price of $266.99.

monday.com (NASDAQ:MNDY - Get Free Report) last announced 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 return on equity of 6.22% and a net margin of 3.33%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on MNDY shares. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. The Goldman Sachs Group upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Needham & Company LLC raised their target price 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. Tigress Financial boosted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Scotiabank dropped their price objective on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $349.91.

monday.com Company 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.