Himension Capital Singapore PTE. LTD. boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 844.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,617 shares of the company's stock after buying an additional 76,555 shares during the quarter. monday.com accounts for approximately 1.4% of Himension Capital Singapore PTE. LTD.'s portfolio, making the stock its 11th largest holding. Himension Capital Singapore PTE. LTD. owned 0.18% of monday.com worth $20,158,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in MNDY. Oppenheimer & Co. Inc. grew its holdings in shares of monday.com by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after acquiring an additional 1,318 shares during the period. SBI Securities Co. Ltd. purchased a new stake in monday.com during the fourth quarter worth $245,000. Bailard Inc. grew its holdings in monday.com by 147.5% in the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after purchasing an additional 4,204 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of monday.com during the 4th quarter worth $241,000. 73.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MNDY has been the topic of a number of research reports. 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 research note on Tuesday, February 11th. Robert W. Baird increased their price target on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Tigress Financial increased their target price on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised their price target on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus price target of $352.64.
View Our Latest Analysis on MNDY
monday.com Stock Down 3.2 %
Shares of monday.com stock traded down $7.76 during trading hours on Friday, hitting $235.90. The company's stock had a trading volume of 390,508 shares, compared to its average volume of 805,194. The business has a fifty day moving average of $270.63 and a 200 day moving average of $268.18. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market capitalization of $11.98 billion, a PE ratio of 392.05, a P/E/G ratio of 16.53 and a beta of 1.34.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly 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%. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
About monday.com
(
Free Report)
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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