Counterpoint Mutual Funds LLC Has $5.08 Million Stock Holdings in monday.com Ltd. $MNDY

Counterpoint Mutual Funds LLC boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 2,038.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 73,507 shares of the company’s stock after acquiring an additional 70,069 shares during the quarter. monday.com makes up approximately 0.8% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 7th biggest holding. Counterpoint Mutual Funds LLC’s holdings in monday.com were worth $5,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNDY. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in monday.com during the 3rd quarter worth approximately $28,000. Quarry LP acquired a new position in monday.com during the 4th quarter worth approximately $29,000. Abound Wealth Management bought a new position in monday.com in the 4th quarter valued at approximately $30,000. Finally, Huntington National Bank lifted its stake in monday.com by 6,040.0% in the 4th quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MNDY. Jefferies Financial Group restated a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th. Tigress Financial lowered their price target on shares of monday.com to $165.00 and set a “buy” rating for the company in a report on Friday, May 22nd. TD Cowen increased their price target on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Canaccord Genuity Group cut their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Citigroup cut their price objective on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.48.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $79.77 on Friday. The company has a 50 day simple moving average of $75.90 and a 200 day simple moving average of $90.61. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $314.99. The firm has a market cap of $4.08 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.99 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last posted its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $351.26 million for the quarter. As a group, research analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

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.