Seven Eight Capital LP Takes Position in monday.com Ltd. (NASDAQ:MNDY)

Seven Eight Capital LP acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDYFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,391 shares of the company’s stock, valued at approximately $1,018,000.

A number of other hedge funds also recently made changes to their positions in MNDY. Eventide Asset Management LLC bought a new stake in shares of monday.com in the third quarter worth $32,420,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in monday.com by 20,480.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 132,335 shares of the company’s stock worth $21,070,000 after purchasing an additional 131,692 shares during the period. Hamilton Lane Advisors LLC boosted its holdings in monday.com by 8.9% in the third quarter. Hamilton Lane Advisors LLC now owns 77,300 shares of the company’s stock worth $12,308,000 after purchasing an additional 6,317 shares during the period. Alps Advisors Inc. boosted its holdings in shares of monday.com by 93.0% during the third quarter. Alps Advisors Inc. now owns 20,964 shares of the company’s stock valued at $3,468,000 after acquiring an additional 10,104 shares during the period. Finally, American International Group Inc. bought a new position in shares of monday.com during the second quarter worth about $566,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

monday.com Trading Up 1.0 %

Shares of monday.com stock opened at $226.73 on Friday. monday.com Ltd. has a 52-week low of $108.35 and a 52-week high of $239.22. The stock has a 50-day simple moving average of $207.64 and a 200-day simple moving average of $178.41.

monday.com (NASDAQ:MNDYGet Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. The business had revenue of $202.60 million during the quarter, compared to analyst estimates of $197.97 million. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The firm’s revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. Equities research analysts expect that monday.com Ltd. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the subject of several analyst reports. Oppenheimer boosted their price objective on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. 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 research report on Friday, January 5th. Piper Sandler reiterated an “overweight” rating and issued a $250.00 price target on shares of monday.com in a research report on Tuesday, February 13th. Finally, Tigress Financial lifted their price target on monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $223.64.

View Our Latest Stock Report on MNDY

monday.com Profile

(Free Report)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.

Further Reading

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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