Andar Capital Management HK Ltd bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,080 shares of the company's stock, valued at approximately $2,373,000. monday.com comprises 3.1% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 13th biggest position.
A number of other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc grew its position in monday.com by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 3,512 shares of the company's stock valued at $976,000 after buying an additional 202 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of monday.com by 11.9% in the third quarter. Natixis Advisors LLC now owns 60,834 shares of the company's stock valued at $16,898,000 after acquiring an additional 6,488 shares in the last quarter. Swiss National Bank increased its stake in shares of monday.com by 2.2% during the third quarter. Swiss National Bank now owns 111,400 shares of the company's stock worth $30,944,000 after acquiring an additional 2,400 shares during the period. Pathstone Holdings LLC increased its stake in shares of monday.com by 22.3% during the third quarter. Pathstone Holdings LLC now owns 18,249 shares of the company's stock worth $5,069,000 after acquiring an additional 3,332 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in monday.com by 6.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company's stock worth $2,111,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Citigroup raised 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 report on Thursday, January 16th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a report on Tuesday, February 11th. Barclays upped their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $354.45.
Read Our Latest Analysis on MNDY
monday.com Stock Up 0.3 %
Shares of MNDY traded up $0.89 during trading hours on Friday, reaching $265.45. 580,708 shares of the company traded hands, compared to its average volume of 767,020. The stock has a fifty day simple moving average of $269.57 and a 200 day simple moving average of $269.63. 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 $12.82 billion, a PE ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.33% and a return on equity of 6.22%. Research analysts predict that monday.com Ltd. will post 0.46 EPS 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.
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