IFM Investors Pty Ltd Makes New Investment in monday.com Ltd. $MNDY

IFM Investors Pty Ltd purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,551 shares of the company’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its position in shares of monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after buying an additional 1,198,761 shares during the period. AMS Capital Ltda acquired a new position in monday.com during the fourth quarter valued at $4,055,000. Dorsal Capital Management LP raised its position in monday.com by 13.3% during the third quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock valued at $82,318,000 after buying an additional 50,000 shares during the period. SG Americas Securities LLC lifted its stake in monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after acquiring an additional 490,491 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in monday.com in the 3rd quarter worth about $6,299,000. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $79.77 on Monday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 3.99 and a beta of 1.26. The stock has a 50-day simple moving average of $75.90 and a 200-day simple moving average of $90.18. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $314.99.

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

Analyst Ratings Changes

MNDY has been the topic of several research analyst reports. Citigroup lowered their target price on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. TD Cowen raised their price target 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. Barclays boosted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Company 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.