GAMMA Investing LLC Raises Position in monday.com Ltd. (NASDAQ:MNDY)

GAMMA Investing LLC grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 24,216.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,459 shares of the company’s stock after purchasing an additional 1,453 shares during the period. GAMMA Investing LLC’s holdings in monday.com were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNDY. Oppenheimer & Co. Inc. lifted its stake in monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of monday.com in the fourth quarter worth approximately $245,000. Bank of Montreal Can raised its holdings in shares of monday.com by 62.0% in the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company’s stock worth $5,203,000 after buying an additional 8,454 shares during the period. Bailard Inc. lifted its stake in shares of monday.com by 147.5% during the 4th quarter. Bailard Inc. now owns 7,055 shares of the company’s stock worth $1,661,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock worth $60,144,000 after acquiring an additional 8,329 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays cut their price objective on monday.com from $360.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley started coverage on monday.com in a report on Tuesday. They set an “equal weight” rating and a $330.00 target price for the company. Tigress Financial boosted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson decreased their price target on monday.com from $350.00 to $290.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Loop Capital lowered their price objective on shares of monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $347.09.

monday.com Stock Performance

Shares of monday.com stock opened at $280.46 on Friday. The firm has a 50-day simple moving average of $282.22 and a two-hundred day simple moving average of $267.29. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The company has a market cap of $14.24 billion, a P/E ratio of 286.18, a price-to-earnings-growth ratio of 104.01 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. Equities research analysts forecast that monday.com Ltd. will post 0.46 EPS 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.