Quantbot Technologies LP Invests $7.01 Million in monday.com Ltd. $MNDY

Quantbot Technologies LP purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,186 shares of the company’s stock, valued at approximately $7,009,000.

Several other institutional investors have also modified their holdings of MNDY. WCM Investment Management LLC raised its stake in monday.com by 2.8% during the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after acquiring an additional 115,353 shares in the last quarter. Ibex Investors LLC purchased a new position in monday.com during the 3rd quarter worth approximately $34,864,000. Baillie Gifford & Co. lifted its stake in monday.com by 136.5% in the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares during the last quarter. TenCore Partners LP grew its position in shares of monday.com by 42.2% during the third quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock worth $27,386,000 after acquiring an additional 41,935 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in monday.com by 17.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock valued at $15,303,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of research reports. Canaccord Genuity Group lowered their price target on monday.com from $190.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. UBS Group dropped their price target on shares of monday.com from $140.00 to $93.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. DA Davidson set a $100.00 target price on monday.com in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reduced their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Barclays set a $115.00 price objective on shares of monday.com in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $155.38.

monday.com Price Performance

NASDAQ:MNDY opened at $72.64 on Friday. The firm has a market cap of $3.69 billion, a PE ratio of 32.28, a P/E/G ratio of 1.34 and a beta of 1.25. The firm has a 50 day simple moving average of $114.93 and a 200-day simple moving average of $156.03. monday.com Ltd. has a 1-year low of $68.68 and a 1-year high of $316.98.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. During the same quarter last year, the business earned $1.08 earnings per share. monday.com’s revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com 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.