monday.com Ltd. $MNDY Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 2,038.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,507 shares of the company’s stock after purchasing an additional 70,069 shares during the quarter. monday.com comprises about 0.8% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 7th biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.14% of monday.com worth $5,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of 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 buying an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of monday.com in the third quarter valued at about $28,000. Quarry LP acquired a new position in shares of monday.com in the fourth quarter valued at about $29,000. Abound Wealth Management bought a new position in monday.com during the fourth quarter worth about $30,000. Finally, Huntington National Bank increased its position in monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after acquiring an additional 302 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

MNDY opened at $79.77 on Friday. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $314.99. The company has a 50-day simple moving average of $75.90 and a 200 day simple moving average of $90.61. The stock has a market capitalization 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.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data 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 firm had revenue of $351.26 million for the quarter. Sell-side analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Citigroup lowered their target price on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Tigress Financial cut their price target on monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, TD Cowen increased their price target on monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus 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.