Entropy Technologies LP Purchases 8,490 Shares of monday.com Ltd. $MNDY

Entropy Technologies LP increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 64.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,590 shares of the company’s stock after purchasing an additional 8,490 shares during the period. Entropy Technologies LP’s holdings in monday.com were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the period. Advisory Services Network LLC acquired a new stake in shares of monday.com during the third quarter worth $28,000. Quarry LP bought a new stake in shares of monday.com in the fourth quarter valued at about $29,000. Huntington National Bank boosted its position in shares of monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after acquiring an additional 302 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after acquiring an additional 65 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $82.10 on Tuesday. The stock has a market capitalization of $4.20 billion, a P/E ratio of 35.70, a PEG ratio of 3.88 and a beta of 1.26. The stock’s fifty day moving average is $78.71 and its 200 day moving average is $82.71. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $295.00.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The business had revenue of $351.26 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities research analysts forecast that monday.com Ltd. will post 1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNDY. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. Tigress Financial cut their price objective on shares of monday.com to $165.00 and set a “buy” rating for the company in a report on Friday, May 22nd. BTIG Research decreased their target price on shares of monday.com from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Canaccord Genuity Group lowered their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, TD Cowen raised their target price on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.04.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.