Square Peg Capital PTY Ltd. Acquires Shares of 101,522 monday.com Ltd. (NASDAQ:MNDY)

Square Peg Capital PTY Ltd. acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 101,522 shares of the company’s stock, valued at approximately $23,902,000. monday.com comprises 21.9% of Square Peg Capital PTY Ltd.’s investment portfolio, making the stock its biggest holding.

Several other institutional investors have also bought and sold shares of MNDY. FMR LLC increased its stake in monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the last quarter. Norges Bank bought a new stake in monday.com during the fourth quarter worth approximately $116,686,000. T. Rowe Price Investment Management Inc. bought a new stake in monday.com during the fourth quarter worth approximately $109,605,000. SG Americas Securities LLC increased its stake in monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY stock opened at $292.97 on Friday. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The stock’s 50-day moving average is $258.41 and its 200 day moving average is $265.46. The company has a market cap of $14.87 billion, a P/E ratio of 488.28, a PEG ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their target price on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. DA Davidson reduced their target price on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of monday.com in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $346.50.

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.