Schonfeld Strategic Advisors LLC Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Schonfeld Strategic Advisors LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, Holdings Channel reports. The firm purchased 16,521 shares of the company’s stock, valued at approximately $3,890,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MNDY. Clearbridge Investments LLC lifted its holdings in monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after acquiring an additional 44 shares during the last quarter. Prudential Financial Inc. raised its position in monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after purchasing an additional 53 shares during the period. Global Retirement Partners LLC grew its holdings 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. Venturi Wealth Management LLC grew its holdings in shares of monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares during the period. Finally, Vestcor Inc raised its holdings in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock valued at $142,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MNDY shares. Canaccord Genuity Group increased their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of monday.com from $385.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group decreased their price target on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $345.14.

monday.com Stock Up 0.7 %

Shares of NASDAQ:MNDY opened at $279.12 on Friday. monday.com Ltd. has a fifty-two week low of $180.66 and a fifty-two week high of $342.64. The firm’s 50 day moving average price is $257.06 and its 200 day moving average price is $265.83. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 465.20, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share 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%. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

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.