51,587 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 51,587 shares of the company’s stock, valued at approximately $12,146,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after purchasing an additional 1,189,858 shares during the period. 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 worth $195,606,000 after buying an additional 100,333 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after buying an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company’s stock worth $117,708,000 after buying an additional 96,222 shares during the last quarter. Finally, Norges Bank bought a new position in monday.com during the fourth quarter worth about $116,686,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 1.0%

MNDY stock opened at $290.10 on Tuesday. The firm has a market capitalization of $14.73 billion, a PE ratio of 483.50, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The business’s 50 day simple moving average is $260.22 and its 200 day simple moving average is $264.88.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company’s revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of recent analyst reports. Cantor Fitzgerald raised their target price on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. UBS Group reduced their target price on monday.com from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of monday.com in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group raised their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $346.50.

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.