Magnetar Financial LLC Makes New $222,000 Investment in monday.com Ltd. (NASDAQ:MNDY)

Magnetar Financial LLC acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 943 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC lifted its holdings in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 0.3 %

Shares of NASDAQ MNDY opened at $265.45 on Monday. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The firm has a 50 day moving average of $269.57 and a 200 day moving average of $269.78.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MNDY. Barclays lifted their price objective on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group upped their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group increased their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and an average target price of $354.45.

About monday.com

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.