Aurora Investment Counsel Invests $1.21 Million in monday.com Ltd. $MNDY

Aurora Investment Counsel purchased a new position in monday.com Ltd. (NASDAQ:MNDY) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,550 shares of the company’s stock, valued at approximately $1,213,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNDY. Capital World Investors grew its stake in monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in monday.com by 15.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock worth $188,126,000 after buying an additional 165,996 shares during the period. Renaissance Technologies LLC lifted its stake in monday.com by 7.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock valued at $166,609,000 after buying an additional 74,800 shares during the last quarter. SG Americas Securities LLC lifted its stake in monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of monday.com by 2.2% during the fourth quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock valued at $106,783,000 after acquiring an additional 15,377 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 0.4%

MNDY stock opened at $78.69 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 34.21, a PEG ratio of 3.94 and a beta of 1.26. The company has a 50-day simple moving average of $78.35 and a 200 day simple moving average of $86.07. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $296.93.

monday.com (NASDAQ:MNDY) last announced its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The firm 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 analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current year.

Analyst Ratings Changes

MNDY has been the subject of several recent research reports. Tigress Financial lowered their price target on shares of monday.com to $165.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. UBS Group cut their price objective on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Guggenheim set a $130.00 target price on shares of monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Oppenheimer set a $115.00 target price on shares of monday.com in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.04.

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.