Trexquant Investment LP Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Trexquant Investment LP acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,431 shares of the company's stock, valued at approximately $6,694,000. Trexquant Investment LP owned 0.06% of monday.com as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in shares of monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in monday.com in the fourth quarter valued at $33,000. Signaturefd LLC boosted its position 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 purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake 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 worth $35,000 after purchasing an additional 59 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

NASDAQ:MNDY traded up $33.68 during trading hours on Wednesday, reaching $252.00. 1,277,653 shares of the company were exchanged, compared to its average volume of 809,209. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The stock has a 50 day simple moving average of $270.72 and a 200 day simple moving average of $268.45. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 420.00, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. On average, analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. William Blair reissued an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Finally, DA Davidson upgraded shares of monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price objective on the stock in a research report on Monday, March 17th. Three investment 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, the company has an average rating of "Moderate Buy" and an average price target of $352.64.

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.