Dilation Capital Management LP Makes New $8.63 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

Dilation Capital Management LP acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 36,670 shares of the company's stock, valued at approximately $8,634,000. monday.com comprises 8.0% of Dilation Capital Management LP's investment portfolio, making the stock its 5th biggest holding. Dilation Capital Management LP owned 0.08% of monday.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after buying an additional 1,318 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in monday.com during the fourth quarter valued at $245,000. Bank of Montreal Can increased its position in shares of monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares in the last quarter. Bailard Inc. lifted its stake in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in monday.com by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after purchasing an additional 8,329 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MNDY. Cantor Fitzgerald boosted their target price on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group upped their target price on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of monday.com from $350.00 to $400.00 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 issued a buy rating to the company's stock. According to MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average target price of $343.09.

monday.com Trading Up 3.1 %

Shares of NASDAQ:MNDY traded up $8.32 during midday trading on Friday, hitting $274.00. 624,309 shares of the stock were exchanged, compared to its average volume of 804,673. The stock has a market cap of $13.91 billion, a P/E ratio of 456.67, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a twelve month low of $179.02 and a twelve month high of $342.64. The company has a 50 day moving average price of $259.55 and a 200-day moving average price of $266.24.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly 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 return on equity of 6.22% and a net margin of 3.33%. On average, equities research analysts expect 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.