CloudAlpha Capital Management Limited Hong Kong boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 149.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,553 shares of the company's stock after buying an additional 15,327 shares during the period. monday.com makes up approximately 0.4% of CloudAlpha Capital Management Limited Hong Kong's investment portfolio, making the stock its 20th largest position. CloudAlpha Capital Management Limited Hong Kong owned about 0.05% of monday.com worth $6,016,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. acquired a new position in monday.com during the 4th quarter worth approximately $1,177,000. Raymond James Financial Inc. acquired a new position in shares of monday.com during the fourth quarter worth $27,010,000. Atria Investments Inc increased its holdings in shares of monday.com by 25.9% during the fourth quarter. Atria Investments Inc now owns 3,562 shares of the company's stock worth $839,000 after buying an additional 733 shares in the last quarter. Assetmark Inc. lifted its stake in shares of monday.com by 11.9% in the 4th quarter. Assetmark Inc. now owns 6,251 shares of the company's stock valued at $1,472,000 after acquiring an additional 665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of monday.com by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,936 shares of the company's stock valued at $5,871,000 after acquiring an additional 897 shares in the last quarter. 73.70% of the stock is owned by institutional investors.
monday.com Stock Down 7.6 %
MNDY traded down $19.20 during midday trading on Monday, hitting $233.06. The company had a trading volume of 1,644,773 shares, compared to its average volume of 756,005. The stock's 50 day moving average price is $264.89 and its 200 day moving average price is $269.99. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 388.43, a PEG ratio of 16.53 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 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%. Research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Piper Sandler upped their price objective on monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their price target on shares of monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Tigress Financial raised their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $358.32.
View Our Latest Research Report on monday.com
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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