Sands Capital Alternatives LLC Grows Position in monday.com Ltd. $MNDY

Sands Capital Alternatives LLC increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,868 shares of the company’s stock after acquiring an additional 9,532 shares during the quarter. monday.com makes up about 1.9% of Sands Capital Alternatives LLC’s investment portfolio, making the stock its 11th largest position. Sands Capital Alternatives LLC owned approximately 0.13% of monday.com worth $10,015,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MNDY. NewEdge Advisors LLC lifted its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. American Century Companies Inc. lifted its position in shares of monday.com by 75.3% during the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock valued at $1,318,000 after buying an additional 1,801 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the last quarter. Cerity Partners LLC lifted its position in shares of monday.com by 28.8% during the second quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock valued at $816,000 after buying an additional 580 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of monday.com during the second quarter valued at about $398,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

MNDY opened at $77.57 on Monday. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $316.98. The company has a market cap of $3.97 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 3.88 and a beta of 1.24. The firm’s 50-day moving average price is $73.57 and its 200-day moving average price is $98.61.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Cowen increased their price target on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group decreased their price target on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Barclays increased their price target on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Citigroup decreased their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Piper Sandler increased their price target on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $126.48.

About monday.com

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.