Hel Ved Capital Management Ltd Buys Shares of 30,585 monday.com Ltd. (NASDAQ:MNDY)

Hel Ved Capital Management Ltd acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,585 shares of the company's stock, valued at approximately $7,201,000. monday.com makes up approximately 2.1% of Hel Ved Capital Management Ltd's portfolio, making the stock its 13th biggest holding. Hel Ved Capital Management Ltd owned about 0.06% of monday.com as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Prudential PLC increased its position in monday.com by 151.5% in the fourth quarter. Prudential PLC now owns 2,590 shares of the company's stock worth $610,000 after purchasing an additional 1,560 shares during the period. BloombergSen Inc. grew its position in shares of monday.com by 7.8% during the 4th quarter. BloombergSen Inc. now owns 3,634 shares of the company's stock worth $856,000 after buying an additional 262 shares during the period. Trexquant Investment LP bought a new stake in shares of monday.com during the fourth quarter worth approximately $6,694,000. Headlands Technologies LLC acquired a new position in monday.com in the fourth quarter valued at approximately $3,160,000. Finally, Geode Capital Management LLC grew its holdings in monday.com by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 348,594 shares of the company's stock worth $81,770,000 after acquiring an additional 17,817 shares during the period. Institutional investors own 73.70% of the company's stock.

monday.com Stock Down 4.5 %

Shares of monday.com stock traded down $11.32 on Thursday, hitting $240.68. The stock had a trading volume of 696,726 shares, compared to its average volume of 808,859. The stock's 50-day simple moving average is $270.72 and its two-hundred day simple moving average is $268.45. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 400.77, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. As a group, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of analyst reports. Tigress Financial increased their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Barclays lifted their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. William Blair restated an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Needham & Company LLC lifted their target price on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, 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 report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $352.64.

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.