Maytus Capital Management LLC Purchases Shares of 9,000 monday.com Ltd. $MNDY

Maytus Capital Management LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the company’s stock, valued at approximately $1,328,000.

Several other hedge funds also recently modified their holdings of MNDY. Capital World Investors boosted its position in shares of monday.com by 91.4% in the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after acquiring an additional 1,569,198 shares during the period. Norges Bank bought a new stake in shares of monday.com in the fourth quarter valued at approximately $79,789,000. SG Americas Securities LLC boosted its position in shares of monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after acquiring an additional 490,491 shares during the period. Marshall Wace LLP boosted its position in shares of monday.com by 294.0% in the third quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after acquiring an additional 302,961 shares during the period. Finally, Amundi boosted its position in shares of monday.com by 104.2% in the third quarter. Amundi now owns 511,498 shares of the company’s stock valued at $96,499,000 after acquiring an additional 261,000 shares during the period. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MNDY shares. UBS Group reduced their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Guggenheim set a $130.00 price objective on monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Piper Sandler increased their price objective on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut monday.com from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Price Performance

Shares of MNDY stock opened at $75.56 on Wednesday. The stock has a market cap of $3.87 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 3.87 and a beta of 1.24. monday.com Ltd. has a one year low of $57.50 and a one year high of $316.98. The stock has a fifty day moving average price of $73.89 and a 200 day moving average price of $97.62.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The firm had revenue of $351.27 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Equities research analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current 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.