Y Intercept Hong Kong Ltd Buys Shares of 69,125 monday.com Ltd. $MNDY

Y Intercept Hong Kong Ltd bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The firm bought 69,125 shares of the company’s stock, valued at approximately $10,200,000.

A number of other hedge funds have also recently added to or reduced their stakes in MNDY. Capital World Investors boosted its position in monday.com by 91.4% in the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after buying an additional 1,569,198 shares in the last quarter. Norges Bank acquired a new stake in monday.com in the fourth quarter valued at approximately $79,789,000. SG Americas Securities LLC boosted its position in monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares in the last quarter. Marshall Wace LLP boosted its position in monday.com by 294.0% in the third quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after buying an additional 302,961 shares in the last quarter. Finally, Amundi lifted its holdings in shares of monday.com by 104.2% during the third quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after purchasing an additional 261,000 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of recent research reports. Guggenheim set a $130.00 price target on shares of monday.com and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research lowered shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Canaccord Genuity Group cut their price target on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen lowered shares of monday.com from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Tigress Financial cut their price target on shares of monday.com to $165.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Seventeen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Stock Down 2.5%

MNDY stock opened at $77.57 on Friday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.98 and a beta of 1.24. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $316.98. The company’s fifty day simple moving average is $73.57 and its 200 day simple moving average is $98.93.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Research analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.