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

CenterBook Partners LP bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, HoldingsChannel reports. The firm bought 12,433 shares of the company’s stock, valued at approximately $1,835,000.

A number of other large investors have also recently made changes to their positions in MNDY. Capital World Investors grew its position in shares of monday.com by 91.4% in the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after purchasing an additional 1,569,198 shares in the last quarter. SG Americas Securities LLC lifted its holdings in monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares in the last quarter. Baillie Gifford & Co. boosted its stake in monday.com by 2.2% in the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after purchasing an additional 15,377 shares during the period. Westfield Capital Management Co. LP boosted its stake in monday.com by 7.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock worth $134,289,000 after purchasing an additional 46,999 shares during the period. Finally, State Street Corp grew its holdings in monday.com by 5.4% during the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after buying an additional 33,963 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

MNDY has been the topic of a number of recent analyst reports. Tigress Financial lowered their price target on shares of monday.com to $165.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Canaccord Genuity Group reduced their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Piper Sandler increased their target price on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. TD Cowen raised their price target on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, BTIG Research reduced their price target on shares of monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Trading Down 0.6%

MNDY stock opened at $83.23 on Wednesday. The company’s 50 day moving average is $72.90 and its 200 day moving average is $100.00. The stock 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 Ltd. has a 1-year low of $57.50 and a 1-year high of $316.98.

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. The business had revenue of $351.27 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, sell-side analysts forecast that monday.com Ltd. will post 1.59 EPS for the current fiscal 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.