Square Peg Capital PTY Ltd. purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 101,522 shares of the company's stock, valued at approximately $23,902,000. monday.com comprises approximately 21.9% of Square Peg Capital PTY Ltd.'s holdings, making the stock its largest position. Square Peg Capital PTY Ltd. owned 0.21% of monday.com at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in monday.com in the fourth quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com in the fourth quarter valued at $28,000. R Squared Ltd purchased a new stake in monday.com in the fourth quarter valued at $33,000. Signaturefd LLC boosted its holdings in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on MNDY shares. Piper Sandler upped their price target on shares of monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Tigress Financial increased their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Scotiabank increased their target price on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group lowered their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $346.50.
Get Our Latest Stock Analysis on MNDY
monday.com Stock Performance
Shares of MNDY traded down $3.03 during mid-day trading on Monday, hitting $290.10. 498,354 shares of the company were exchanged, compared to its average volume of 771,225. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The company has a 50 day moving average of $259.42 and a 200-day moving average of $264.95. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 483.50, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. monday.com's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
monday.com Profile
(
Free Report)
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.
Further Reading
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
