RPD Fund Management LLC Purchases Shares of 253,636 monday.com Ltd. $MNDY

RPD Fund Management LLC purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 253,636 shares of the company’s stock, valued at approximately $17,529,000. monday.com comprises approximately 5.7% of RPD Fund Management LLC’s holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in MNDY. AMS Capital Ltda bought a new stake in monday.com during the 4th quarter valued at $4,055,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of monday.com by 75.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock worth $20,512,000 after purchasing an additional 60,000 shares in the last quarter. NewEdge Wealth LLC bought a new position in shares of monday.com in the fourth quarter worth $5,635,000. Allspring Global Investments Holdings LLC acquired a new position in shares of monday.com during the fourth quarter valued at $6,200,000. Finally, SEB Asset Management AB acquired a new position in shares of monday.com during the first quarter valued at $1,639,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY opened at $77.43 on Monday. The company has a market capitalization of $3.96 billion, a PE ratio of 33.67, a P/E/G ratio of 3.88 and a beta of 1.26. The stock’s fifty day moving average is $78.63 and its 200-day moving average is $83.16. monday.com Ltd. has a one year low of $57.50 and a one year high of $295.00.

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 $351.26 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. On average, equities research analysts forecast that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Canaccord Genuity Group lowered their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. TD Cowen boosted their price target on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Oppenheimer set a $115.00 price target on shares of monday.com in a research note on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.04.

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.