monday.com Ltd. (NASDAQ:MNDY) Stock Position Raised by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong raised its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 149.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,553 shares of the company’s stock after purchasing an additional 15,327 shares during the period. monday.com accounts for about 0.4% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 20th largest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in monday.com were worth $6,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNDY. Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% in 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 in the last quarter. Avior Wealth Management LLC raised its stake in shares of monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after acquiring an additional 67 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after acquiring an additional 76 shares in the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of monday.com by 18.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter valued at approximately $25,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

Shares of MNDY stock opened at $254.00 on Friday. The stock’s fifty day simple moving average is $264.55 and its 200 day simple moving average is $270.29. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 423.33, a P/E/G ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Robert W. Baird raised their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Loop Capital cut 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. Wells Fargo & Company raised their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC raised their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $358.32.

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.