Prelude Capital Management LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,248 shares of the company’s stock, valued at approximately $321,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of monday.com by 98.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,684,101 shares of the company’s stock worth $383,156,000 after acquiring an additional 1,332,770 shares during the last quarter. Insight Holdings Group LLC increased its position in monday.com by 6.0% in the 4th quarter. Insight Holdings Group LLC now owns 13,721,287 shares of the company’s stock worth $1,673,997,000 after purchasing an additional 772,450 shares during the last quarter. Acadian Asset Management LLC increased its position in monday.com by 11,795.2% in the 1st quarter. Acadian Asset Management LLC now owns 437,980 shares of the company’s stock worth $62,498,000 after purchasing an additional 434,298 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of monday.com during the 1st quarter valued at about $48,095,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of monday.com by 44.6% during the 4th quarter. 1832 Asset Management L.P. now owns 893,500 shares of the company’s stock valued at $109,007,000 after buying an additional 275,800 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.
monday.com Trading Down 0.4 %
Shares of NASDAQ MNDY opened at $163.38 on Monday. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -163.38 and a beta of 0.77. monday.com Ltd. has a one year low of $73.58 and a one year high of $189.15. The business has a fifty day simple moving average of $170.44 and a 200 day simple moving average of $156.08.
Analyst Ratings Changes
MNDY has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of monday.com in a research report on Tuesday, August 15th. Jefferies Financial Group upped their price objective on shares of monday.com from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, August 15th. DA Davidson raised their target price on monday.com from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. TD Cowen raised their price objective on monday.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Finally, KeyCorp upped their target price on monday.com from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.56.
monday.com Company Profile
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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