Capital Fund Management S.A. Acquires 5,504 Shares of monday.com Ltd. (NASDAQ:MNDY)

Capital Fund Management S.A. lifted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,528 shares of the company's stock after acquiring an additional 5,504 shares during the period. Capital Fund Management S.A. owned 0.07% of monday.com worth $7,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. CenterBook Partners LP acquired a new stake in shares of monday.com in the fourth quarter worth $1,945,000. APG Asset Management US Inc. acquired a new position in monday.com during the 4th quarter worth $278,000. Raymond James Financial Inc. bought a new stake in monday.com during the fourth quarter valued at about $27,010,000. APG Asset Management N.V. grew its position in shares of monday.com by 31.5% in the fourth quarter. APG Asset Management N.V. now owns 1,818 shares of the company's stock valued at $413,000 after purchasing an additional 436 shares during the last quarter. Finally, Abacus FCF Advisors LLC bought a new position in shares of monday.com in the fourth quarter worth about $551,000. Institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MNDY. The Goldman Sachs Group raised their target price on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. DA Davidson cut their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday. Tigress Financial boosted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their target price on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $349.91.

monday.com Trading Down 1.6 %

MNDY stock traded down $4.06 during trading hours on Thursday, hitting $246.28. 499,531 shares of the stock were exchanged, compared to its average volume of 804,446. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a market capitalization of $12.50 billion, a P/E ratio of 410.47, a P/E/G ratio of 16.53 and a beta of 1.34. The company has a 50-day simple moving average of $269.64 and a two-hundred day simple moving average of $267.45.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly 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%. On average, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.