Headlands Technologies LLC Buys New Shares in monday.com Ltd. (NASDAQ:MNDY)

Headlands Technologies LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,404 shares of the company’s stock, valued at approximately $338,000.

A number of other hedge funds have also recently bought and sold shares of the stock. WCM Investment Management LLC bought a new position in shares of monday.com in the 1st quarter valued at about $728,521,000. Price T Rowe Associates Inc. MD grew its holdings in monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after purchasing an additional 31,304 shares during the period. 1832 Asset Management L.P. increased its position in monday.com by 12.1% during the fourth quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock worth $161,573,000 after buying an additional 92,600 shares during the last quarter. Jennison Associates LLC raised its stake in monday.com by 12.1% in the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock valued at $176,665,000 after buying an additional 84,182 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in shares of monday.com by 33.0% in the first quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company’s stock valued at $93,868,000 after buying an additional 103,094 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Down 1.3 %

MNDY opened at $255.73 on Friday. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $272.77. The company has a 50-day simple moving average of $242.79 and a 200 day simple moving average of $225.55. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 672.99, a P/E/G ratio of 12.23 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The business had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. Sell-side analysts anticipate that monday.com Ltd. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MNDY shares. UBS Group increased their price target on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. DA Davidson upped their price objective on shares of monday.com from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. TD Cowen upped their price objective on shares of monday.com from $275.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Wolfe Research began coverage on shares of monday.com in a report on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and an average target price of $285.79.

monday.com 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.