15,343 Shares in monday.com Ltd. $MNDY Acquired by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 15,343 shares of the company’s stock, valued at approximately $2,264,000. monday.com makes up approximately 2.4% of Andar Capital Management HK Ltd’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. CoreCap Advisors LLC lifted its position in monday.com by 29.8% during the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock worth $57,000 after buying an additional 89 shares in the last quarter. Rafferty Asset Management LLC lifted its position in monday.com by 5.3% during the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock worth $349,000 after buying an additional 91 shares in the last quarter. NewEdge Advisors LLC lifted its position in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in monday.com by 84.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $57,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 1.4%

MNDY stock opened at $77.49 on Friday. The business has a fifty day moving average of $70.48 and a two-hundred day moving average of $104.00. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.31 and a beta of 1.17. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $316.98.

monday.com (NASDAQ:MNDY) last posted its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The company had revenue of $351.27 million during the quarter. As a group, sell-side analysts anticipate that monday.com Ltd. will post 1.83 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MNDY. Loop Capital set a $80.00 price objective on monday.com in a research report on Tuesday, February 10th. BTIG Research reduced their price objective on monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. TD Cowen raised their target price on monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Barclays raised their target price on monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $90.00 target price (down from $175.00) on shares of monday.com in a research note on Tuesday, February 10th. 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’s stock. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Profile

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.