monday.com Ltd. $MNDY Stock Position Lifted by Ibex Investors LLC

Ibex Investors LLC boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,000 shares of the company’s stock after purchasing an additional 102,000 shares during the period. monday.com comprises 29.3% of Ibex Investors LLC’s holdings, making the stock its largest position. Ibex Investors LLC owned approximately 0.56% of monday.com worth $41,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MNDY. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the period. Advisory Services Network LLC bought a new stake in shares of monday.com in the third quarter valued at $28,000. Abound Wealth Management bought a new stake in shares of monday.com in the fourth quarter valued at $30,000. Smartleaf Asset Management LLC raised its stake in shares of monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after buying an additional 190 shares during the period. Finally, Huntington National Bank raised its stake in shares of monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MNDY shares. Tigress Financial lowered their target price on monday.com to $165.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. TD Cowen boosted their target price on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wolfe Research restated an “outperform” rating and issued a $95.00 target price on shares of monday.com in a research note on Monday, February 9th. Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, KeyCorp lowered their target price on monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $85.74 on Monday. The firm has a market capitalization of $4.39 billion, a P/E ratio of 37.28, a P/E/G ratio of 4.29 and a beta of 1.24. The stock’s 50-day simple moving average is $72.27 and its two-hundred day simple moving average is $100.95. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $316.98.

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