13,423 Shares in monday.com Ltd. (NASDAQ:MNDY) Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,423 shares of the company’s stock, valued at approximately $3,160,000.

A number of other hedge funds have also made changes to their positions in the business. Stonebridge Financial Group LLC purchased a new stake in monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com in the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of monday.com during the 4th quarter worth approximately $33,000. Signaturefd LLC raised its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 1.6 %

monday.com stock opened at $243.16 on Tuesday. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The stock has a market cap of $12.35 billion, a P/E ratio of 405.27, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The stock has a 50 day moving average of $273.01 and a 200-day moving average of $270.32.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Barclays increased their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird upped their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald upped their price target on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $352.64.

monday.com Company Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.