Hel Ved Capital Management Ltd Makes New $7.20 Million Investment in monday.com Ltd. (NASDAQ:MNDY)

Hel Ved Capital Management Ltd acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,585 shares of the company’s stock, valued at approximately $7,201,000. monday.com accounts for about 2.1% of Hel Ved Capital Management Ltd’s holdings, making the stock its 13th largest holding. Hel Ved Capital Management Ltd owned 0.06% of monday.com at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC boosted its holdings in monday.com by 13.7% during the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares in the last quarter. State Street Corp increased its position in monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after purchasing an additional 21,585 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after buying an additional 403,255 shares during the period. Two Sigma Advisers LP boosted its holdings in monday.com by 2.9% during the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after buying an additional 15,300 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of monday.com by 23.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company’s stock valued at $117,708,000 after buying an additional 96,222 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MNDY shares. Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Wells Fargo & Company raised their price target on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Loop Capital dropped their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $352.64.

monday.com Trading Down 6.8 %

Shares of NASDAQ:MNDY opened at $217.77 on Friday. The company has a market capitalization of $11.06 billion, a PE ratio of 362.95, a PEG ratio of 16.53 and a beta of 1.27. The business has a 50 day moving average of $272.65 and a two-hundred day moving average of $269.77. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly 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 return on equity of 6.22% and a net margin of 3.33%. Equities research analysts predict 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.