Plato Investment Management Ltd Buys Shares of 5,997 monday.com Ltd. $MNDY

Plato Investment Management Ltd bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 2nd quarter, Holdings Channel reports. The fund bought 5,997 shares of the company’s stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in monday.com during the third quarter worth about $28,000. EverSource Wealth Advisors LLC grew its position in monday.com by 498.6% during the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $29,000 after buying an additional 354 shares during the period. Quarry LP acquired a new position in monday.com during the fourth quarter worth about $29,000. Finally, Huntington National Bank increased its holdings in monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after buying an additional 302 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MNDY shares. Barclays lifted their price target on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company decreased their target price on monday.com from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Capital One Financial lowered monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a report on Monday, August 10th. Jefferies Financial Group restated a “hold” rating and issued a $95.00 price target on shares of monday.com in a research report on Monday, August 10th. Finally, Oppenheimer set a $115.00 price target on monday.com in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.91.

monday.com Stock Performance

MNDY stock opened at $91.01 on Thursday. The stock’s 50 day moving average price is $80.98 and its 200 day moving average price is $77.48. The firm has a market cap of $4.66 billion, a P/E ratio of 38.73, a PEG ratio of 2.11 and a beta of 1.24. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $220.80.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The company had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. During the same quarter last year, the business posted $1.09 earnings per share. monday.com’s revenue was up 21.9% compared to the same quarter last year. On average, research analysts predict that monday.com Ltd. will post 2.2 earnings per share for the current year.

About monday.com

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.