Headlands Technologies LLC Acquires New Position in monday.com Ltd. (NASDAQ:MNDY)

Headlands Technologies LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, Holdings Channel.com reports. The fund purchased 13,423 shares of the company’s stock, valued at approximately $3,160,000.

Several other hedge funds have also made changes to their positions in MNDY. Oppenheimer & Co. Inc. lifted its stake in monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in monday.com in the 4th quarter worth about $245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of monday.com by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company’s stock valued at $29,009,000 after purchasing an additional 10,285 shares during the period. Bailard Inc. increased its position in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company’s stock valued at $1,661,000 after acquiring an additional 4,204 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock worth $60,144,000 after acquiring an additional 8,329 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 1.6 %

Shares of NASDAQ:MNDY opened at $243.16 on Tuesday. The firm has a fifty day moving average of $273.01 and a two-hundred day moving average of $270.32. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market capitalization of $12.35 billion, a P/E ratio of 405.27, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last issued 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 expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald increased their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group dropped their price objective on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Needham & Company LLC boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $352.64.

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.