1,600 shares of monday.com Ltd. (NASDAQ: MNDY) acquired by SlateStone Wealth LLC


SlateStone Wealth LLC bought a new equity position in monday.com Ltd. (NASDAQ: MNDY – Get Rating) in the fourth quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The fund bought 1,600 shares of the company, valued at around $494,000.

Several other institutional investors and hedge funds also bought and sold shares of MNDY. Arlington Partners LLC acquired a new position in monday.com during the fourth quarter worth approximately $48,000. Advisor Group Holdings Inc. increased its holdings in monday.com by 257.1% during the third quarter. Advisor Group Holdings Inc. now owns 250 shares of the company valued at $82,000 after purchasing an additional 180 shares during the period. Bessemer Group Inc. increased its holdings in monday.com by 7.5% during the fourth quarter. Bessemer Group Inc. now owns 2,887 shares of the company valued at $891,000 after purchasing an additional 201 shares during the period. Atticus Wealth Management LLC acquired a new position on monday.com during the third quarter worth approximately $68,000. Finally, Royal Bank of Canada increased its holdings in monday.com by 3,483.3% during the third quarter. Royal Bank of Canada now owns 215 shares of the company valued at $70,000 after purchasing an additional 209 shares during the period. 60.85% of the shares are held by institutional investors and hedge funds.

The NASDAQ MNDY traded at $4.48 on Friday, hitting $140.76. 420,380 shares were traded, against an average volume of 647,309. The company’s fifty-day moving average is $169.18 and its 200-day moving average is $263.34. monday.com ltd. has a 52-week minimum of $113.05 and a 52-week maximum of $450.00.

monday.com (NASDAQ:MNDY – Get Rating) last released its quarterly results on Wednesday, February 23. The company reported ($0.26) earnings per share (EPS) for the quarter, beating Thomson Reuters consensus estimate of ($0.52) by $0.26. monday.com had a negative net margin of 41.96% and a negative return on equity of 27.33%. The company posted revenue of $95.55 million for the quarter, versus analyst estimates of $87.80 million. In the same period a year earlier, the company posted ($0.64) earnings per share. The company’s quarterly revenue increased by 90.5% compared to the same quarter last year. On average, research analysts predict that monday.com Ltd. will show -5.71 BPA for the current fiscal year.

A number of research analysts have recently released reports on the stock. Zacks Investment Research upgraded monday.com shares from a “sell” rating to a “hold” rating in a report released Thursday. DA Davidson upgraded monday.com shares from a “neutral” rating to a “buy” rating and lowered his price target for the company from $275.00 to $170.00 in a Thursday report February 24. Needham & Company LLC cut its price target on monday.com shares from $420.00 to $230.00 and set a “buy” rating for the company in a Thursday, February 24 report. Jefferies Financial Group cut its price target on monday.com shares from $400.00 to $280.00 and set a “holding” rating for the company in a Thursday, Jan. 6, report. Finally, Cowen cut his price target on monday.com shares from $325.00 to $260.00 and set an “outperform” rating for the company in a Thursday, Feb. 24 report. Three research analysts gave the stock a hold rating and eleven gave the company a buy rating. According to MarketBeat.com, the stock currently has an average buy rating and an average price target of $295.07.

company profile monday.com (Get an assessment)

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 put together to create software applications and work management tools.

See also

Want to see what other hedge funds hold MNDY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for monday.com Ltd. (NASDAQ: MNDY – Get Rating).

Institutional ownership by quarter for monday.com (NASDAQ:MNDY)



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