16,000 Shares in monday.com Ltd. (NASDAQ:MNDY) Purchased by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the company’s stock, valued at approximately $3,005,000. monday.com comprises 4.2% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. boosted its stake in monday.com by 222.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Crewe Advisors LLC boosted its stake in shares of monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares during the period. Arlington Partners LLC boosted its stake in shares of monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after purchasing an additional 126 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of monday.com in the third quarter valued at approximately $48,000. Finally, Sandy Spring Bank purchased a new position in shares of monday.com in the third quarter valued at approximately $72,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MNDY shares. Piper Sandler reissued an “overweight” rating and issued a $250.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Tigress Financial boosted their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Bank of America assumed coverage on shares of monday.com in a report on Monday, February 26th. They set a “buy” rating and a $280.00 price target for the company. KeyCorp assumed coverage on shares of monday.com in a report on Thursday, March 21st. They set an “overweight” rating and a $275.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of monday.com from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $230.00 in a report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

monday.com Trading Up 1.6 %

MNDY stock traded up $3.06 on Wednesday, hitting $192.39. The company’s stock had a trading volume of 739,988 shares, compared to its average volume of 798,497. The firm has a 50 day moving average of $210.99 and a two-hundred day moving average of $190.92. monday.com Ltd. has a 1 year low of $108.35 and a 1 year high of $239.22. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of -2,631.77 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.32 by $0.33. The firm had revenue of $202.60 million during the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. monday.com’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. As a group, equities analysts forecast that monday.com Ltd. will post -0.16 EPS for the current fiscal year.

monday.com Profile

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.