Magnetar Financial LLC Makes New $222,000 Investment in monday.com Ltd. (NASDAQ:MNDY)

Magnetar Financial LLC acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 943 shares of the company's stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in shares of monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of monday.com in the 4th quarter worth $33,000. Signaturefd LLC raised its holdings in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Up 0.2 %

MNDY stock traded up $0.50 during mid-day trading on Tuesday, reaching $277.02. The company's stock had a trading volume of 207,542 shares, compared to its average volume of 766,550. The company's 50 day moving average is $270.84 and its two-hundred day moving average is $269.98. The stock has a market cap of $13.37 billion, a PE ratio of 462.63, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

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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 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%. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MNDY shares. Loop Capital decreased their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group increased their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and an average price target 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.