Entropy Technologies LP Buys Shares of 13,100 monday.com Ltd. $MNDY

Entropy Technologies LP acquired a new position in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, HoldingsChannel reports. The firm acquired 13,100 shares of the company’s stock, valued at approximately $1,933,000.

A number of other institutional investors also recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of monday.com by 231.2% during the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after purchasing an additional 1,198,761 shares during the last quarter. AMS Capital Ltda bought a new position in shares of monday.com during the 4th quarter valued at $4,055,000. Dorsal Capital Management LP grew its holdings in shares of monday.com by 13.3% during the 3rd quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock valued at $82,318,000 after purchasing an additional 50,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of monday.com during the 3rd quarter valued at $6,299,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 0.4%

Shares of NASDAQ MNDY opened at $77.26 on Tuesday. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98. The firm’s fifty day moving average is $73.75 and its 200 day moving average is $98.11. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 3.88 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on MNDY. Guggenheim set a $130.00 target price on shares of monday.com and gave the company a “buy” rating in a report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Citigroup reduced their target price on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Tigress Financial decreased their target price on shares of monday.com to $165.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Profile

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.