1,600 Shares in monday.com Ltd. (NASDAQ:MNDY) Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,600 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also bought and sold shares of MNDY. Arlington Partners LLC acquired a new position in monday.com during the fourth quarter valued at approximately $48,000. Advisor Group Holdings Inc. grew its holdings in monday.com by 257.1% during the third quarter. Advisor Group Holdings Inc. now owns 250 shares of the company’s stock valued at $82,000 after purchasing an additional 180 shares during the period. Bessemer Group Inc. grew its holdings in monday.com by 7.5% during the fourth quarter. Bessemer Group Inc. now owns 2,887 shares of the company’s stock valued at $891,000 after purchasing an additional 201 shares during the period. Atticus Wealth Management LLC acquired a new position in monday.com during the third quarter valued at approximately $68,000. Finally, Royal Bank of Canada grew its holdings in monday.com by 3,483.3% during the third quarter. Royal Bank of Canada now owns 215 shares of the company’s stock valued at $70,000 after purchasing an additional 209 shares during the period. 60.85% of the stock is owned by institutional investors and hedge funds.

NASDAQ MNDY traded down $4.48 on Friday, hitting $140.76. 420,380 shares of the stock were exchanged, compared to its average volume of 647,309. The business’s fifty day moving average is $169.18 and its 200 day moving average is $263.34. monday.com Ltd. has a 52 week low of $113.05 and a 52 week high of $450.00.

monday.com (NASDAQ:MNDY – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.26. monday.com had a negative net margin of 41.96% and a negative return on equity of 27.33%. The firm had revenue of $95.55 million for the quarter, compared to analyst estimates of $87.80 million. During the same period in the prior year, the firm posted ($0.64) earnings per share. The company’s quarterly revenue was up 90.5% compared to the same quarter last year. On average, research analysts anticipate that monday.com Ltd. will post -5.71 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of monday.com from a “sell” rating to a “hold” rating in a report on Thursday. DA Davidson upgraded shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $275.00 to $170.00 in a report on Thursday, February 24th. Needham & Company LLC reduced their price target on shares of monday.com from $420.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Jefferies Financial Group reduced their price target on shares of monday.com from $400.00 to $280.00 and set a “hold” rating for the company in a report on Thursday, January 6th. Finally, Cowen reduced their price target on shares of monday.com from $325.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, February 24th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $295.07.

monday.com Company Profile (Get Rating)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.

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