monday.com Target of Unusually High Options Trading (NASDAQ:MNDY)

monday.com Ltd. (NASDAQ:MNDY) was the recipient of some unusual options trading activity on Monday. Traders bought 11,749 call options on the company. This is an increase of 408% compared to the average volume of 2,311 call options.

Institutional Investors Weigh In On monday.com

Several hedge funds have recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com in the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in shares of monday.com during the 4th quarter valued at $33,000. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 59 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in monday.com by 372.7% in the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Trading Up 31.9 %

Shares of NASDAQ:MNDY traded up $82.29 during trading on Monday, hitting $340.53. 3,588,495 shares of the stock were exchanged, compared to its average volume of 1,047,860. The company has a market cap of $16.44 billion, a PE ratio of 828.83, a P/E/G ratio of 7.67 and a beta of 1.31. The company has a fifty day moving average price of $249.33 and a two-hundred day moving average price of $261.41. monday.com has a 12-month low of $174.75 and a 12-month high of $341.22.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results 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 net margin of 2.39% and a return on equity of 4.99%. Equities research analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several research analyst reports. KeyCorp downgraded shares of monday.com from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 13th. Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Scotiabank decreased their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a report on Thursday, January 16th. Robert W. Baird lifted their price objective on shares of monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Oppenheimer increased their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and an average target price of $310.68.

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.