Keystone Investors PTE Ltd. Buys New Position in monday.com Ltd. (NASDAQ:MNDY)

Keystone Investors PTE Ltd. purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,178 shares of the company’s stock, valued at approximately $2,161,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of monday.com in the 4th quarter valued at about $33,000. Signaturefd LLC boosted its holdings in 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 in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MNDY shares. Tigress Financial upped their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company upped their price target on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Canaccord Genuity Group upped their price objective on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of monday.com from $350.00 to $400.00 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $354.45.

monday.com Stock Up 4.2 %

NASDAQ:MNDY opened at $276.52 on Tuesday. The firm’s fifty day simple moving average is $270.84 and its 200 day simple moving average is $269.98. The stock has a market cap of $13.35 billion, a P/E ratio of 460.87, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.