Arrowstreet Capital Limited Partnership Raises Holdings in monday.com Ltd. (NASDAQ:MNDY)

Arrowstreet Capital Limited Partnership boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 499,950 shares of the company’s stock after acquiring an additional 96,222 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in monday.com were worth $117,708,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new position in shares of monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in shares of monday.com in the fourth quarter worth about $33,000. Signaturefd LLC boosted its stake in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY stock opened at $247.01 on Monday. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The firm has a market cap of $12.54 billion, a PE ratio of 411.68, a PEG ratio of 16.53 and a beta of 1.27. The firm’s 50 day moving average price is $272.99 and its 200-day moving average price is $270.44.

monday.com (NASDAQ:MNDY) last posted its 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 net margin of 3.33% and a return on equity of 6.22%. Equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Wells Fargo & Company increased their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Barclays boosted their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Loop Capital dropped their target price 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 equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

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.