Hel Ved Capital Management Ltd Buys Shares of 14,745 monday.com Ltd. (NASDAQ:MNDY)

Hel Ved Capital Management Ltd bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDYFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,745 shares of the company’s stock, valued at approximately $2,769,000. monday.com makes up approximately 0.8% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC increased its holdings in shares of monday.com by 44.9% in the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the period. Desjardins Global Asset Management Inc. increased its holdings in shares of monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in monday.com by 13.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock worth $151,000 after buying an additional 93 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in monday.com by 21.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock worth $131,000 after buying an additional 145 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in monday.com by 11.9% during the 4th quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock worth $282,000 after buying an additional 160 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp boosted their target price on monday.com from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Piper Sandler restated an “overweight” rating and set a $270.00 target price (up from $250.00) on shares of monday.com in a research note on Wednesday, May 15th. Tigress Financial boosted their price target on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. DA Davidson boosted their price target on monday.com from $190.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Finally, Citigroup downgraded monday.com from a “buy” rating to a “neutral” rating and dropped their price target for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $252.50.

Check Out Our Latest Research Report on MNDY

monday.com Stock Down 0.2 %

Shares of NASDAQ MNDY traded down $0.35 during midday trading on Friday, hitting $223.24. The stock had a trading volume of 533,594 shares, compared to its average volume of 1,270,458. The company has a market capitalization of $10.78 billion, a PE ratio of 587.49 and a beta of 1.30. The stock has a 50 day simple moving average of $206.97 and a 200-day simple moving average of $204.34. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $249.00.

monday.com (NASDAQ:MNDYGet Free Report) last released its earnings results on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.25. The business had revenue of $216.91 million for the quarter, compared to the consensus estimate of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. As a group, analysts expect that monday.com Ltd. will post 0.12 earnings per share for the current fiscal year.

About monday.com

(Free Report)

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.

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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