monday.com Ltd. (NASDAQ:MNDY) Stock Holdings Increased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 540,300 shares of the company's stock after buying an additional 15,300 shares during the quarter. Two Sigma Advisers LP owned about 1.12% of monday.com worth $150,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company's stock worth $163,295,000 after buying an additional 21,585 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in monday.com during the 3rd quarter worth approximately $214,000. Melqart Asset Management UK Ltd lifted its holdings in shares of monday.com by 5.1% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 17,429 shares of the company's stock valued at $4,841,000 after acquiring an additional 846 shares in the last quarter. Investment Management Corp of Ontario boosted its position in shares of monday.com by 499.6% in the third quarter. Investment Management Corp of Ontario now owns 5,522 shares of the company's stock worth $1,534,000 after buying an additional 4,601 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in monday.com by 579.3% in the 3rd quarter. Janus Henderson Group PLC now owns 7,683 shares of the company's stock worth $2,135,000 after acquiring an additional 6,552 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of MNDY traded up $12.45 during mid-day trading on Friday, hitting $297.47. The company's stock had a trading volume of 479,988 shares, compared to its average volume of 727,472. The firm has a 50-day moving average price of $284.75 and a 200 day moving average price of $256.39. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 736.59, a PEG ratio of 7.82 and a beta of 1.25.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MNDY. Needham & Company LLC boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. TD Cowen upped their price target on shares of monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Citigroup increased their target price on monday.com from $296.00 to $327.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Capital One Financial started coverage on shares of monday.com in a research report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $310.81.

About monday.com

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.