Andar Capital Management HK Ltd Acquires New Shares in monday.com Ltd. (NASDAQ:MNDY)

Andar Capital Management HK Ltd acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,080 shares of the company’s stock, valued at approximately $2,373,000. monday.com comprises approximately 3.1% of Andar Capital Management HK Ltd’s holdings, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com in the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new position in monday.com in the 4th quarter valued at approximately $33,000. Signaturefd LLC raised its stake in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in 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 buying an additional 59 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MNDY. Loop Capital decreased their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company boosted their target price on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays boosted their target price on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their target price on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Performance

Shares of monday.com stock opened at $257.23 on Wednesday. The company has a market capitalization of $12.42 billion, a P/E ratio of 428.72, a P/E/G ratio of 16.53 and a beta of 1.27. The company has a fifty day moving average of $267.18 and a 200 day moving average of $269.58. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

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

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.