Plato Investment Management Ltd Invests $673,000 in monday.com Ltd. (NASDAQ:MNDY)

Plato Investment Management Ltd purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,425 shares of the company’s stock, valued at approximately $673,000.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter worth about $43,000. Ridgewood Investments LLC acquired a new stake in shares of monday.com during the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com during the second quarter worth about $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ:MNDY opened at $268.90 on Friday. The firm’s fifty day moving average price is $280.09 and its 200 day moving average price is $247.65. monday.com Ltd. has a 1-year low of $162.06 and a 1-year high of $324.99. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 655.85, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the firm posted $0.15 EPS. monday.com’s quarterly revenue was up 49.5% on a year-over-year basis. As a group, analysts expect that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of several analyst reports. TD Cowen raised their target price on shares of monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Tigress Financial raised their target price on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Needham & Company LLC raised their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 target price on shares of monday.com in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price 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 seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.10.

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.