monday.com Ltd. $MNDY is Ibex Investors LLC’s Largest Position

Ibex Investors LLC lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 56.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 282,000 shares of the company’s stock after purchasing an additional 102,000 shares during the quarter. monday.com makes up 29.3% of Ibex Investors LLC’s holdings, making the stock its biggest holding. Ibex Investors LLC’s holdings in monday.com were worth $41,612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNDY. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of monday.com by 75.3% in the 2nd quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,801 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of monday.com by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock worth $816,000 after purchasing an additional 580 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of monday.com in the 2nd quarter worth about $398,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Performance

NASDAQ MNDY opened at $85.74 on Monday. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $316.98. The stock has a 50 day simple moving average of $72.27 and a two-hundred day simple moving average of $100.95. The stock has a market cap of $4.39 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 4.29 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $351.27 million during the quarter. Sell-side analysts predict that monday.com Ltd. will post 1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNDY. DA Davidson set a $100.00 price objective on monday.com in a report on Tuesday, February 10th. Cantor Fitzgerald dropped their target price on monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Wells Fargo & Company dropped their target price on monday.com from $200.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Loop Capital set a $80.00 target price on monday.com in a report on Tuesday, February 10th. Finally, Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Seventeen 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

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.