Plato Investment Management Ltd Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Plato Investment Management Ltd acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,425 shares of the company's stock, valued at approximately $673,000.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company's stock worth $714,781,000 after acquiring an additional 31,304 shares in the last quarter. Renaissance Technologies LLC increased its holdings in monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of monday.com by 34.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock valued at $160,707,000 after purchasing an additional 170,800 shares during the period. Eminence Capital LP lifted its holdings in shares of monday.com by 1.4% in the second quarter. Eminence Capital LP now owns 470,717 shares of the company's stock valued at $113,330,000 after purchasing an additional 6,349 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in monday.com by 33.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company's stock valued at $93,868,000 after buying an additional 103,094 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

NASDAQ:MNDY traded down $6.01 during mid-day trading on Friday, reaching $262.89. 854,471 shares of the company's stock were exchanged, compared to its average volume of 724,225. monday.com Ltd. has a one year low of $166.86 and a one year high of $324.99. The firm has a market capitalization of $12.69 billion, a PE ratio of 641.20, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31. The business's fifty day simple moving average is $280.09 and its two-hundred day simple moving average is $247.65.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the firm earned $0.15 EPS. The business's quarterly revenue was up 49.5% compared to the same quarter last year. As a group, equities research analysts forecast that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price target on monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Tigress Financial increased their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. TD Cowen increased their target price on shares of monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Wells Fargo & Company increased their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Finally, DA Davidson restated a "neutral" rating and set a $300.00 target price on shares of monday.com in a report on Tuesday. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $310.10.

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.