Westfield Capital Management Co. LP Grows Position in monday.com Ltd. $MNDY

Westfield Capital Management Co. LP increased its position in monday.com Ltd. (NASDAQ:MNDY) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 693,319 shares of the company’s stock after buying an additional 46,999 shares during the quarter. Westfield Capital Management Co. LP owned 1.37% of monday.com worth $134,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Promus Capital LLC bought a new position in shares of monday.com during the second quarter valued at approximately $45,000. EverSource Wealth Advisors LLC raised its stake in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the last quarter. Allworth Financial LP raised its position in shares of monday.com by 219.6% in the 2nd quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $51,000 after purchasing an additional 112 shares during the last quarter. Finally, CWM LLC raised its holdings in monday.com by 31.3% in the second quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after buying an additional 50 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Loop Capital set a $80.00 target price on monday.com in a research note on Tuesday, February 10th. DA Davidson set a $100.00 target price on shares of monday.com in a research report on Tuesday, February 10th. Tigress Financial upped their price target on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Guggenheim reduced their price objective on shares of monday.com from $250.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Needham & Company LLC decreased their target price on monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.38.

monday.com Price Performance

NASDAQ:MNDY opened at $74.31 on Thursday. The business has a 50 day simple moving average of $117.81 and a 200-day simple moving average of $157.41. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.39 and a beta of 1.25. monday.com Ltd. has a 1 year low of $68.68 and a 1 year high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.