monday.com Ltd. $MNDY Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 85.2% during the 1st quarter, Holdings Channel reports. The firm owned 40,319 shares of the company’s stock after purchasing an additional 18,545 shares during the quarter. Hsbc Holdings PLC’s holdings in monday.com were worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MNDY. Capital World Investors grew its holdings in monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after buying an additional 1,569,198 shares during the last quarter. Norges Bank acquired a new stake in shares of monday.com during the fourth quarter valued at $79,789,000. Marshall Wace LLP increased its position in monday.com by 294.0% during the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after purchasing an additional 302,961 shares in the last quarter. Amundi increased its position in monday.com by 104.2% during the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after purchasing an additional 261,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in monday.com in the 4th quarter valued at about $27,189,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Oppenheimer set a $115.00 price objective on shares of monday.com in a research note on Monday, May 11th. UBS Group decreased their target price on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Finally, Wall Street Zen raised monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $126.04.

monday.com Stock Up 7.9%

NASDAQ:MNDY opened at $77.43 on Friday. The company has a market cap of $3.96 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.88 and a beta of 1.26. The firm’s 50 day moving average is $78.63 and its two-hundred day moving average is $83.58. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $295.00.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.26 million for the quarter. Research analysts forecast that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

monday.com Company Profile

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.