Himension Capital Singapore PTE. LTD. Has $37.30 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Himension Capital Singapore PTE. LTD. lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,623 shares of the company’s stock after selling 14,705 shares during the quarter. monday.com makes up approximately 3.4% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 7th largest holding. Himension Capital Singapore PTE. LTD.’s holdings in monday.com were worth $37,303,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in monday.com by 55.2% during the fourth quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after buying an additional 4,457 shares during the period. International Assets Investment Management LLC bought a new position in monday.com during the fourth quarter worth about $25,925,000. M&G Investment Management Ltd. boosted its position in monday.com by 8.5% during the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock worth $9,089,000 after purchasing an additional 3,796 shares during the period. Boulder Hill Capital Management LP bought a new position in monday.com during the fourth quarter worth about $2,197,000. Finally, Trexquant Investment LP boosted its position in monday.com by 107.5% during the fourth quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock worth $11,474,000 after purchasing an additional 31,656 shares during the period. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MNDY shares. Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $277.00 to $250.00 in a report on Wednesday, April 10th. Tigress Financial raised their target price 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. Canaccord Genuity Group lifted their price target on shares of monday.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Bank of America assumed coverage on monday.com in a research report on Monday, February 26th. They set a “buy” rating and a $280.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.50.

monday.com Stock Performance

MNDY stock traded down $0.35 during trading on Friday, reaching $223.24. 533,594 shares of the company traded hands, compared to its average volume of 1,270,458. monday.com Ltd. has a 12 month low of $122.13 and a 12 month high of $249.00. The business has a 50 day simple moving average of $206.97 and a 200 day simple moving average of $204.34. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 587.49 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.25. monday.com had a return on equity of 2.42% and a net margin of 2.53%. The company had revenue of $216.91 million for the quarter, compared to the consensus estimate of $210.33 million. As a group, research analysts forecast that monday.com Ltd. will post 0.12 EPS for the current year.

monday.com Company 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.