CenterBook Partners LP Invests $1.95 Million in monday.com Ltd. (NASDAQ:MNDY)

CenterBook Partners LP purchased a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,260 shares of the company's stock, valued at approximately $1,945,000.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Norges Bank bought a new stake in monday.com during the fourth quarter valued at $116,686,000. SG Americas Securities LLC grew its stake in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after buying an additional 434,035 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after purchasing an additional 403,255 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of monday.com during the 4th quarter valued at $27,010,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Trading Up 0.1 %

Shares of MNDY traded up $0.35 during mid-day trading on Wednesday, reaching $251.45. The company's stock had a trading volume of 88,396 shares, compared to its average volume of 803,777. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The business has a 50-day simple moving average of $269.80 and a two-hundred day simple moving average of $267.57. The stock has a market cap of $12.77 billion, a P/E ratio of 419.08, a PEG ratio of 16.53 and a beta of 1.34.

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monday.com (NASDAQ:MNDY - Get Free Report) last announced 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%. Research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Loop Capital lowered their target price on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday. Canaccord Genuity Group increased their price target on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Tigress Financial boosted their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $349.91.

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.