Alpha DNA Investment Management LLC Has $501,000 Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Alpha DNA Investment Management LLC reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,802 shares of the company’s stock after selling 118 shares during the period. Alpha DNA Investment Management LLC’s holdings in monday.com were worth $501,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter worth $43,000. Ridgewood Investments LLC bought a new stake in shares of monday.com during the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com during the second quarter worth about $69,000. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

NASDAQ:MNDY opened at $284.59 on Monday. The business has a 50 day moving average of $282.14 and a 200 day moving average of $251.71. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 694.12, a PEG ratio of 7.93 and a beta of 1.31. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, sell-side analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MNDY. Capital One Financial began coverage on monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target on the stock. Oppenheimer increased their target price on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Citigroup increased their target price on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Needham & Company LLC increased their target price on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their price objective on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Company 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.