Capital World Investors Purchases 1,569,198 Shares of monday.com Ltd. $MNDY

Capital World Investors lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 91.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,286,461 shares of the company’s stock after acquiring an additional 1,569,198 shares during the period. Capital World Investors owned 0.06% of monday.com worth $484,950,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ibex Investors LLC purchased a new stake in shares of monday.com in the 3rd quarter worth approximately $34,864,000. AMS Capital Ltda purchased a new stake in shares of monday.com in the 4th quarter worth approximately $4,055,000. Dorsal Capital Management LP grew its stake in shares of monday.com by 13.3% in the 3rd quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock worth $82,318,000 after buying an additional 50,000 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of monday.com in the 3rd quarter worth approximately $6,299,000. Finally, SG Americas Securities LLC grew its stake in shares of monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after buying an additional 490,491 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY opened at $85.74 on Monday. The business’s fifty day simple moving average is $72.27 and its two-hundred day simple moving average is $100.95. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 4.29 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $351.27 million for the quarter. As a group, research analysts forecast that monday.com Ltd. will post 1.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group cut their price target on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Wells Fargo & Company cut their price target on monday.com from $200.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. BTIG Research cut their price target on monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. UBS Group cut their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Finally, Oppenheimer set a $115.00 price target on monday.com in a research note on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Company 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.