Quantbot Technologies LP increased its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,718 shares of the company's stock after acquiring an additional 6,022 shares during the quarter. Quantbot Technologies LP's holdings in monday.com were worth $3,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new position in monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC boosted its stake in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.
Analyst Ratings Changes
MNDY has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. 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. Piper Sandler increased their price target on monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. DA Davidson raised monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price objective on the stock in a research note on Monday, March 17th. Finally, Cantor Fitzgerald upped their price target on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $354.45.
Get Our Latest Stock Analysis on monday.com
monday.com Price Performance
NASDAQ MNDY traded up $0.78 during mid-day trading on Tuesday, hitting $277.30. The stock had a trading volume of 142,464 shares, compared to its average volume of 766,550. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 461.44, a PEG ratio of 16.53 and a beta of 1.27. The firm's 50 day moving average is $270.84 and its 200 day moving average is $269.98.
monday.com (NASDAQ:MNDY - Get Free Report) last announced 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 research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
monday.com Profile
(
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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