Entropy Technologies LP Makes New $1.93 Million Investment in monday.com Ltd. $MNDY

Entropy Technologies LP bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,100 shares of the company’s stock, valued at approximately $1,933,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted 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 purchasing an additional 106 shares during the period. Advisory Services Network LLC purchased a new position in monday.com during the third quarter valued at approximately $28,000. Quarry LP purchased a new position in monday.com during the fourth quarter valued at approximately $29,000. Abound Wealth Management purchased a new position in monday.com during the fourth quarter valued at approximately $30,000. Finally, Smartleaf Asset Management LLC grew its stake in monday.com by 575.8% during the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MNDY. Citigroup reduced their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note 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 note on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. BTIG Research reduced their price objective on shares of monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research note on Thursday. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.48.

monday.com Price Performance

Shares of monday.com stock opened at $77.26 on Tuesday. 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 $3.95 billion, a PE ratio of 33.59, a PEG ratio of 3.88 and a beta of 1.24. The company has a 50 day simple moving average of $73.75 and a two-hundred day simple moving average of $98.11.

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. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.27 million during the quarter. As a group, research analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current year.

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.