Cinctive Capital Management LP Buys Shares of 4,814 monday.com Ltd. (NASDAQ:MNDY)

Cinctive Capital Management LP purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,814 shares of the company's stock, valued at approximately $1,337,000.

A number of other institutional investors have also modified their holdings of MNDY. Vanguard Group Inc. boosted its holdings in shares of monday.com by 12.9% in the 1st quarter. Vanguard Group Inc. now owns 45,682 shares of the company's stock valued at $10,318,000 after buying an additional 5,229 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of monday.com in the 1st quarter valued at about $203,000. Cetera Advisors LLC bought a new stake in shares of monday.com in the 1st quarter valued at about $264,000. Fulton Bank N.A. acquired a new stake in monday.com in the 2nd quarter worth approximately $356,000. Finally, Harbor Capital Advisors Inc. boosted its stake in monday.com by 12.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,003 shares of the company's stock worth $723,000 after purchasing an additional 333 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on MNDY shares. Loop Capital lifted their target price on shares of monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Tigress Financial lifted their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Needham & Company LLC raised their price target on shares of monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Piper Sandler raised their price target on shares of monday.com from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, Barclays raised their price target on shares of monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $310.81.

monday.com Price Performance

Shares of MNDY stock traded up $12.00 during trading hours on Wednesday, hitting $292.80. The stock had a trading volume of 1,031,512 shares, compared to its average volume of 729,236. The firm has a market capitalization of $14.14 billion, a PE ratio of 712.85, a PEG ratio of 7.65 and a beta of 1.25. monday.com Ltd. has a twelve month low of $170.00 and a twelve month high of $324.99. The stock's 50 day moving average is $284.27 and its 200 day moving average is $255.94.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com's revenue was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, equities analysts predict that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.