monday.com Ltd. $MNDY Shares Purchased by Sands Capital Alternatives LLC

Sands Capital Alternatives LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,868 shares of the company’s stock after acquiring an additional 9,532 shares during the quarter. monday.com comprises approximately 1.9% of Sands Capital Alternatives LLC’s investment portfolio, making the stock its 11th largest holding. Sands Capital Alternatives LLC’s holdings in monday.com were worth $10,015,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MNDY. Capital World Investors increased its holdings in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the period. Norges Bank acquired a new position in monday.com in the 4th quarter worth approximately $79,789,000. SG Americas Securities LLC increased its holdings in monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after buying an additional 490,491 shares during the period. Marshall Wace LLP increased its holdings in monday.com by 294.0% in the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after buying an additional 302,961 shares during the period. Finally, Amundi increased its holdings in monday.com by 104.2% in the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after buying an additional 261,000 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MNDY shares. BTIG Research cut their price target on shares of monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. TD Cowen increased their price target on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Citigroup cut their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.48.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $77.57 on Monday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.88 and a beta of 1.24. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The firm’s 50 day simple moving average is $73.57 and its 200-day simple moving average is $98.61.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 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%. 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.