CenterBook Partners LP Purchases New Shares in monday.com Ltd. $MNDY

CenterBook Partners LP acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,433 shares of the company’s stock, valued at approximately $1,835,000.

A number of other hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp boosted its holdings in monday.com by 100.7% during the fourth quarter. Fiera Capital Corp now owns 273,530 shares of the company’s stock worth $40,362,000 after purchasing an additional 137,275 shares during the last quarter. Capital World Investors increased its stake in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after buying an additional 1,569,198 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of monday.com by 13.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,121 shares of the company’s stock worth $1,641,000 after buying an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of monday.com by 5.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,811 shares of the company’s stock worth $562,000 after buying an additional 200 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of monday.com by 128.1% in the 4th quarter. State of Wyoming now owns 1,779 shares of the company’s stock worth $263,000 after buying an additional 999 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Trading Down 0.6%

Shares of NASDAQ MNDY opened at $83.23 on Wednesday. The stock has a fifty day simple moving average of $72.90 and a two-hundred day simple moving average of $100.00. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $316.98. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 4.19 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued 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 firm had revenue of $351.27 million for the quarter. Analysts forecast that monday.com Ltd. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on MNDY shares. TD Cowen increased their price target on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Bank of America reduced their price objective on monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th. UBS Group lowered their target price on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $90.00 price target (down from $175.00) on shares of monday.com in a report on Tuesday, February 10th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average 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.