30,585 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,585 shares of the company’s stock, valued at approximately $7,201,000. monday.com comprises approximately 2.1% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently modified their holdings of MNDY. Norges Bank acquired a new stake in monday.com during the 4th quarter valued at $116,686,000. SG Americas Securities LLC grew its holdings in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after buying an additional 434,035 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after purchasing an additional 403,255 shares during the period. Raymond James Financial Inc. acquired a new position in shares of monday.com during the fourth quarter valued at approximately $27,010,000. Finally, Jennison Associates LLC grew its stake in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after purchasing an additional 100,333 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of research reports. Robert W. Baird upped their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Needham & Company LLC upped their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, February 10th. William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Loop Capital decreased their price target 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. Finally, The Goldman Sachs Group lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three research 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 has a consensus rating of “Moderate Buy” and an average price target of $352.64.

monday.com Stock Down 6.8 %

MNDY opened at $217.77 on Friday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a 50-day moving average price of $272.65 and a 200 day moving average price of $269.77. The company has a market cap of $11.06 billion, a PE ratio of 362.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.

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%. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com 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.