Y Intercept Hong Kong Ltd Invests $10.20 Million in monday.com Ltd. $MNDY

Y Intercept Hong Kong Ltd bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 69,125 shares of the company’s stock, valued at approximately $10,200,000. Y Intercept Hong Kong Ltd owned 0.14% of monday.com at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Capital World Investors increased its holdings in shares of monday.com by 91.4% during the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the period. Renaissance Technologies LLC increased its holdings in shares of monday.com by 7.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock worth $166,609,000 after purchasing an additional 74,800 shares during the period. SG Americas Securities LLC increased its holdings in shares of monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares during the period. Baillie Gifford & Co. increased its holdings in shares of monday.com by 2.2% during the fourth quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after purchasing an additional 15,377 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in shares of monday.com by 7.3% during the third quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock worth $134,289,000 after purchasing an additional 46,999 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $77.57 on Friday. The company’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $98.93. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.24. monday.com Ltd. has a 1 year low of $57.50 and a 1 year 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 (EPS) for the quarter. The business had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Guggenheim set a $130.00 price objective on shares of monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Wall Street Zen cut shares of monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Barclays lifted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Oppenheimer set a $115.00 price objective on shares of monday.com in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.48.

About monday.com

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.