Renaissance Technologies LLC Has $261.97 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Renaissance Technologies LLC lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,112,690 shares of the company’s stock after selling 25,600 shares during the period. Renaissance Technologies LLC owned about 2.30% of monday.com worth $261,972,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com during the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new position in monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC lifted its stake 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 buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

MNDY has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target 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. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and cut their price target for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Tigress Financial raised their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays raised their price objective on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.64.

monday.com Price Performance

MNDY stock opened at $221.01 on Tuesday. The company has a fifty day moving average price of $272.15 and a two-hundred day moving average price of $269.54. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 368.35, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

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

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.