Quantbot Technologies LP Takes $7.01 Million Position in monday.com Ltd. $MNDY

Quantbot Technologies LP acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,186 shares of the company’s stock, valued at approximately $7,009,000. Quantbot Technologies LP owned about 0.07% of monday.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its position in monday.com by 2.8% in the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after buying an additional 115,353 shares during the last quarter. Ibex Investors LLC acquired a new stake in shares of monday.com during the third quarter valued at about $34,864,000. Baillie Gifford & Co. raised its stake in shares of monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after acquiring an additional 408,848 shares during the period. TenCore Partners LP lifted its holdings in shares of monday.com by 42.2% in the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock worth $27,386,000 after acquiring an additional 41,935 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of monday.com by 17.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after purchasing an additional 12,000 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group cut their target price on monday.com from $140.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $90.00 price objective (down from $175.00) on shares of monday.com in a report on Tuesday, February 10th. Piper Sandler decreased their target price on monday.com from $170.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Bank of America lowered their target price on monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Finally, Canaccord Genuity Group cut their price target on shares of monday.com from $190.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.38.

monday.com Stock Performance

Shares of MNDY opened at $72.64 on Friday. monday.com Ltd. has a 1 year low of $68.68 and a 1 year high of $316.98. The stock has a market capitalization of $3.69 billion, a PE ratio of 32.28, a PEG ratio of 1.34 and a beta of 1.25. The stock has a 50-day simple moving average of $114.93 and a 200-day simple moving average of $156.03.

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

About monday.com

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.