Quantbot Technologies LP Purchases 6,022 Shares of monday.com Ltd. (NASDAQ:MNDY)

Quantbot Technologies LP increased its position in monday.com Ltd. (NASDAQ:MNDY) by 56.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,718 shares of the company’s stock after acquiring an additional 6,022 shares during the period. Quantbot Technologies LP’s holdings in monday.com were worth $3,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new position in monday.com during the 4th quarter valued at about $285,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in monday.com by 0.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,449 shares of the company’s stock valued at $6,227,000 after purchasing an additional 94 shares during the period. Magnetar Financial LLC purchased a new stake in monday.com in the fourth quarter worth approximately $222,000. Teacher Retirement System of Texas grew its position in monday.com by 138.4% in the 4th quarter. Teacher Retirement System of Texas now owns 9,992 shares of the company’s stock worth $2,353,000 after purchasing an additional 5,800 shares during the period. Finally, Vinva Investment Management Ltd purchased a new stake in monday.com during the 4th quarter valued at $804,000. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MNDY shares. Canaccord Genuity Group increased their target price on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Tigress Financial increased 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. Wells Fargo & Company boosted their target price on shares of 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 increased their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Loop Capital cut their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $354.45.

monday.com Price Performance

monday.com stock opened at $265.45 on Friday. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64. The firm’s 50 day moving average price is $269.57 and its 200-day moving average price is $269.50. The stock has a market cap of $12.82 billion, a P/E ratio of 442.42, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current 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.