Vinva Investment Management Ltd Buys New Shares in monday.com Ltd. (NASDAQ:MNDY)

Vinva Investment Management Ltd bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,419 shares of the company’s stock, valued at approximately $804,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after acquiring an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com during the fourth quarter worth about $245,000. Swiss National Bank grew its holdings in monday.com by 2.2% during the third quarter. Swiss National Bank now owns 111,400 shares of the company’s stock worth $30,944,000 after purchasing an additional 2,400 shares during the period. Brown Capital Management LLC grew its holdings in monday.com by 2.4% during the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company’s stock worth $30,755,000 after purchasing an additional 2,583 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in monday.com by 22.3% during the third quarter. Pathstone Holdings LLC now owns 18,249 shares of the company’s stock worth $5,069,000 after purchasing an additional 3,332 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MNDY shares. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Canaccord Genuity Group lifted their price target on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Tigress Financial lifted their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Jefferies Financial Group boosted their price objective on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average target price of $354.45.

monday.com Price Performance

Shares of MNDY opened at $264.56 on Friday. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The company has a market cap of $12.77 billion, a P/E ratio of 440.93, a P/E/G ratio of 16.53 and a beta of 1.27. The firm has a 50 day simple moving average of $268.63 and a two-hundred day simple moving average of $269.50.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 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%. On average, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.