70,000 Shares in monday.com Ltd. $MNDY Bought by Optimus Prime Fund Management Co. Ltd.

Optimus Prime Fund Management Co. Ltd. purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, HoldingsChannel reports. The firm purchased 70,000 shares of the company’s stock, valued at approximately $10,329,000. monday.com makes up 0.8% of Optimus Prime Fund Management Co. Ltd.’s portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNDY. NewEdge Advisors LLC raised its position in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. Advisory Services Network LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at about $28,000. Quarry LP purchased a new position in shares of monday.com in the 4th quarter valued at about $29,000. Abound Wealth Management purchased a new position in shares of monday.com in the 4th quarter valued at about $30,000. Finally, Smartleaf Asset Management LLC raised its holdings in monday.com by 575.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

MNDY has been the topic of several research analyst reports. Piper Sandler raised their price objective on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup reduced their target price on monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. UBS Group cut their price target on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Price Performance

Shares of monday.com stock opened at $75.56 on Wednesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 32.85, a PEG ratio of 3.87 and a beta of 1.24. The business has a 50 day simple moving average of $73.89 and a two-hundred day simple moving average of $97.62. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The company had revenue of $351.27 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. As a group, research analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

monday.com Company Profile

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.