Blueshift Asset Management LLC Takes $285,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Blueshift Asset Management LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,210 shares of the company's stock, valued at approximately $285,000.

Other hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com during the 4th quarter valued at $28,000. R Squared Ltd bought a new position in shares of monday.com during the 4th quarter worth $33,000. Signaturefd LLC raised its stake in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% during 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. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Up 0.2 %

Shares of monday.com stock traded up $0.54 on Tuesday, reaching $277.06. The company's stock had a trading volume of 133,495 shares, compared to its average volume of 766,550. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 461.07, a P/E/G ratio of 16.53 and a beta of 1.27. The firm's fifty day simple moving average is $270.84 and its two-hundred day simple moving average is $269.98.

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monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

MNDY has been the topic of a number of recent research reports. Loop Capital dropped their price target on shares of monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Needham & Company LLC increased their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Scotiabank lowered their price target on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Robert W. Baird raised their price target on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Finally, Barclays increased their price objective on monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average target price of $354.45.

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.