Himension Capital Singapore PTE. LTD. Acquires 76,555 Shares of monday.com Ltd. (NASDAQ:MNDY)

Himension Capital Singapore PTE. LTD. grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 844.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 85,617 shares of the company’s stock after purchasing an additional 76,555 shares during the period. monday.com comprises approximately 1.4% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 11th biggest position. Himension Capital Singapore PTE. LTD.’s holdings in monday.com were worth $20,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the fourth quarter worth $28,000. R Squared Ltd bought a new position in monday.com in the 4th quarter valued at $33,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 6.8 %

Shares of NASDAQ:MNDY opened at $217.77 on Friday. The company has a market capitalization of $11.06 billion, a PE ratio of 362.95, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The business has a 50 day moving average of $272.65 and a two-hundred day moving average of $269.85.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on MNDY shares. William Blair restated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson raised shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Monday, March 17th. Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lifted their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $352.64.

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.