Walleye Capital LLC Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Walleye Capital LLC bought a new position in monday.com Ltd. (NASDAQ:MNDYGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,843 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors also recently modified their holdings of the company. FourThought Financial LLC bought a new position in shares of monday.com in the first quarter worth about $42,000. Samson Rock Capital LLP bought a new stake in shares of monday.com during the first quarter worth approximately $1,024,000. TenCore Partners LP raised its stake in shares of monday.com by 52.8% during the first quarter. TenCore Partners LP now owns 254,085 shares of the company’s stock worth $40,163,000 after buying an additional 87,800 shares during the last quarter. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of monday.com during the first quarter worth approximately $2,419,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of monday.com during the first quarter worth approximately $37,000. 64.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of monday.com from $145.00 to $175.00 in a research note on Tuesday, August 9th. Tigress Financial dropped their price target on shares of monday.com from $432.00 to $240.00 in a research note on Wednesday, June 1st. Citigroup initiated coverage on shares of monday.com in a research note on Thursday, September 1st. They set a “buy” rating and a $156.00 price target for the company. Loop Capital initiated coverage on shares of monday.com in a research note on Monday, September 12th. They issued a “buy” rating and a $175.00 target price for the company. Finally, Canaccord Genuity Group upped their target price on shares of monday.com from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.08.

monday.com Stock Down 2.6 %

monday.com stock opened at $130.58 on Wednesday. The stock has a market capitalization of $5.77 billion, a PE ratio of -33.74 and a beta of 1.82. monday.com Ltd. has a twelve month low of $85.75 and a twelve month high of $450.00. The company has a 50 day moving average of $118.78 and a 200-day moving average of $123.92.

monday.com (NASDAQ:MNDYGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported ($1.01) earnings per share for the quarter, beating the consensus estimate of ($1.35) by $0.34. The company had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $118.22 million. monday.com had a negative net margin of 42.31% and a negative return on equity of 25.09%. The business’s quarterly revenue was up 75.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.67) earnings per share. Equities analysts anticipate that monday.com Ltd. will post -4.94 EPS for the current fiscal year.

monday.com Profile

(Get Rating)

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.

See Also

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

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