monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 844.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,617 shares of the company’s stock after purchasing an additional 76,555 shares during the quarter. monday.com makes up about 1.4% of Himension Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 11th largest holding. Himension Capital Singapore PTE. LTD. owned about 0.18% of monday.com worth $20,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new position in shares of monday.com during the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of monday.com during the fourth quarter worth approximately $33,000. Signaturefd LLC grew its holdings in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 6.8 %

NASDAQ:MNDY opened at $217.77 on Friday. The firm has a market capitalization of $11.06 billion, a P/E ratio of 362.95, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a fifty day moving average of $272.65 and a 200-day moving average of $269.85.

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

Analyst Ratings Changes

Several equities analysts have commented on MNDY shares. The Goldman Sachs Group raised their target price on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group upped their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. Three 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $352.64.

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.