Quantbot Technologies LP Boosts Stake in monday.com Ltd. (NASDAQ:MNDY)

Quantbot Technologies LP lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 56.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,718 shares of the company’s stock after acquiring an additional 6,022 shares during the period. Quantbot Technologies LP’s holdings in monday.com were worth $3,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after purchasing an additional 798,791 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after buying an additional 434,035 shares in the last quarter. Raymond James Financial Inc. bought a new stake in monday.com in the 4th quarter worth approximately $27,010,000. Jennison Associates LLC boosted its stake in monday.com by 13.7% in 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 in the last quarter. Finally, Polen Capital Management LLC bought a new position in monday.com during the fourth quarter valued at approximately $12,522,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Price Performance

NASDAQ:MNDY opened at $265.45 on Friday. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The company’s 50-day simple moving average is $269.57 and its 200 day simple moving average is $269.50. The firm has a market capitalization of $12.82 billion, a P/E ratio of 442.42, a PEG ratio of 16.53 and a beta of 1.27.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MNDY shares. DA Davidson upgraded shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Monday, March 17th. Tigress Financial boosted their price target on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price target on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.45.

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.