monday.com Ltd. $MNDY Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 29.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,981 shares of the company’s stock after buying an additional 8,891 shares during the quarter. Engineers Gate Manager LP’s holdings in monday.com were worth $2,822,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MNDY. SEB Asset Management AB acquired a new stake in monday.com in the 1st quarter valued at $1,639,000. Swiss National Bank lifted its stake in shares of monday.com by 28.6% during the first quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after purchasing an additional 35,400 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of monday.com by 4,194.6% during the first quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock worth $997,000 after purchasing an additional 14,094 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of monday.com during the first quarter worth about $1,534,000. Finally, Royal Bank of Canada grew its stake in shares of monday.com by 88.7% in the first quarter. Royal Bank of Canada now owns 30,422 shares of the company’s stock valued at $2,102,000 after buying an additional 14,300 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

NASDAQ:MNDY opened at $86.84 on Monday. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. monday.com Ltd. has a one year low of $57.50 and a one year high of $220.80. The business’s 50-day simple moving average is $87.20 and its 200 day simple moving average is $78.38.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The firm had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same quarter last year, the firm earned $1.09 EPS. monday.com’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities research analysts predict that monday.com Ltd. will post 2.25 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the topic of several recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $95.00 price target on shares of monday.com in a research report on Monday, August 10th. Wolfe Research downgraded shares of monday.com from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, August 11th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of monday.com in a research report on Monday, August 10th. Zacks Research upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Citigroup reduced their target price on shares of monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.91.

About monday.com

monday.com Ltd. is a software company that provides cloud-based work management and productivity solutions for organizations of various sizes. Its platform is designed to help teams plan projects, manage workflows, coordinate tasks, track progress and collaborate across departments.

The company’s product portfolio includes monday work management, monday CRM, monday dev and monday service. These products support functions such as project and portfolio management, customer relationship management, software development, IT service management and business process automation.