Maytus Capital Management LLC Purchases New Position in monday.com Ltd. $MNDY

Maytus Capital Management LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 9,000 shares of the company’s stock, valued at approximately $1,328,000.

Several other large investors have also recently added to or reduced their stakes in MNDY. NewEdge Advisors LLC grew its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the last quarter. Advisory Services Network LLC bought a new stake in monday.com during the third quarter worth about $28,000. Quarry LP bought a new stake in monday.com during the fourth quarter worth about $29,000. Abound Wealth Management bought a new stake in monday.com during the fourth quarter worth about $30,000. Finally, Smartleaf Asset Management LLC grew its stake in monday.com by 575.8% during the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after buying an additional 190 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $75.56 on Wednesday. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $316.98. The firm has a market cap of $3.87 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.87 and a beta of 1.24. The business has a fifty day moving average of $73.89 and a 200-day moving average of $97.62.

monday.com (NASDAQ:MNDY) last announced its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The company had revenue of $351.27 million during the quarter. On average, analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of several research analyst reports. Canaccord Genuity Group decreased their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Citigroup decreased their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Zacks Research lowered monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, BTIG Research lowered their target price on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.48.

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.