Melqart Asset Management UK Ltd Increases Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Melqart Asset Management UK Ltd increased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 301.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,883 shares of the company's stock after acquiring an additional 52,454 shares during the quarter. monday.com makes up about 2.0% of Melqart Asset Management UK Ltd's portfolio, making the stock its 16th biggest holding. Melqart Asset Management UK Ltd owned 0.14% of monday.com worth $16,453,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after purchasing an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of monday.com in the fourth quarter valued at approximately $245,000. Bank of Montreal Can boosted its stake in shares of monday.com by 62.0% in the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after acquiring an additional 8,454 shares during the last quarter. Bailard Inc. increased its position in shares of monday.com by 147.5% during the fourth 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 raised its stake 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. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MNDY. JPMorgan Chase & Co. increased their target price on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group decreased their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company cut their price target on monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Canaccord Genuity Group boosted their price objective on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $343.09.

monday.com Stock Performance

monday.com stock opened at $274.00 on Friday. The firm has a 50 day moving average price of $259.55 and a 200 day moving average price of $266.15. monday.com Ltd. has a fifty-two week low of $179.02 and a fifty-two week high of $342.64. The company has a market capitalization of $13.91 billion, a PE ratio of 456.67, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

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 analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 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.

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