Ardmore Road Asset Management LP Has $8.20 Million Holdings in monday.com Ltd. $MNDY

Ardmore Road Asset Management LP increased its stake in monday.com Ltd. (NASDAQ:MNDY) by 18.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 118,700 shares of the company’s stock after purchasing an additional 18,234 shares during the quarter. Ardmore Road Asset Management LP’s holdings in monday.com were worth $8,203,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AMS Capital Ltda acquired a new stake in shares of monday.com in the 4th quarter valued at about $4,055,000. Migdal Insurance & Financial Holdings Ltd. increased its position in monday.com by 75.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock valued at $20,512,000 after buying an additional 60,000 shares in the last quarter. NewEdge Wealth LLC acquired a new position in monday.com during the 4th quarter worth approximately $5,635,000. Allspring Global Investments Holdings LLC acquired a new position in monday.com during the 4th quarter worth approximately $6,200,000. Finally, SEB Asset Management AB bought a new position in monday.com in the first quarter worth approximately $1,639,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

MNDY stock opened at $77.43 on Monday. The firm has a market capitalization of $3.96 billion, a PE ratio of 33.67, a P/E/G ratio of 3.88 and a beta of 1.26. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $295.00. The stock’s 50 day moving average is $78.63 and its 200-day moving average is $83.16.

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

Analyst Ratings Changes

A number of brokerages have commented on MNDY. Oppenheimer set a $115.00 price objective on monday.com in a research note on Monday, May 11th. UBS Group cut their target price on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Canaccord Genuity Group reduced their price target on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a research note on Thursday, June 11th. Finally, Barclays upped their price objective on shares of monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.04.

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.