Sapient Capital LLC Takes $1.28 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Sapient Capital LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,614 shares of the company’s stock, valued at approximately $1,282,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MNDY. Ridgewood Investments LLC bought a new position in monday.com in the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC boosted its position in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of monday.com during the 2nd quarter valued at about $69,000. PNC Financial Services Group Inc. boosted its position in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its position in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several recent analyst reports. Baird R W upgraded shares of monday.com to a “hold” rating in a report on Tuesday, July 23rd. DA Davidson raised their target price on shares of monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Bank of America raised their target price on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Capital One Financial assumed coverage on shares of monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price for the company. Finally, UBS Group increased their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.60.

monday.com Trading Up 0.7 %

Shares of monday.com stock opened at $291.73 on Tuesday. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $293.88. The company’s fifty day simple moving average is $261.99 and its 200-day simple moving average is $233.26. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 767.71, a PEG ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. As a group, research analysts forecast that monday.com Ltd. will post 0.49 earnings per share for the current fiscal year.

monday.com Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.