Quantessence Capital LLC Takes $484,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Quantessence Capital LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,057 shares of the company's stock, valued at approximately $484,000.

Other large investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new position in monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC increased its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted 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 last quarter. Institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Robert W. Baird raised their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. The Goldman Sachs Group lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Finally, Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and an average target price of $346.73.

monday.com Trading Up 3.8 %

NASDAQ MNDY opened at $237.67 on Wednesday. The company has a market cap of $12.07 billion, a P/E ratio of 396.12, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 1 year low of $179.02 and a 1 year high of $342.64. The company has a fifty day simple moving average of $262.98 and a 200 day simple moving average of $266.45.

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 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%. Equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com 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.

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