WINTON GROUP Ltd Has $2.23 Million Holdings in monday.com Ltd. $MNDY

WINTON GROUP Ltd increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 808.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,500 shares of the company’s stock after purchasing an additional 10,234 shares during the period. WINTON GROUP Ltd’s holdings in monday.com were worth $2,227,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC boosted its stake in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after buying an additional 115,353 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock valued at $576,442,000 after buying an additional 150,987 shares during the period. Baillie Gifford & Co. raised its stake in shares of monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of monday.com by 7.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock valued at $134,289,000 after buying an additional 46,999 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of monday.com by 5.4% during the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock worth $207,955,000 after acquiring an additional 33,963 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays set a $115.00 target price on shares of monday.com in a research report on Tuesday, February 10th. BTIG Research cut their price target on shares of monday.com from $210.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Oppenheimer decreased their price objective on monday.com from $200.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Tigress Financial upped their price objective on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, KeyCorp dropped their target price on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $155.38.

monday.com Stock Performance

MNDY opened at $77.60 on Wednesday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.50 and a beta of 1.31. The firm’s 50-day simple moving average is $105.23 and its 200-day simple moving average is $150.98. monday.com Ltd. has a twelve month low of $68.68 and a twelve month high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The firm had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com Company 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.