XTX Topco Ltd Buys 5,142 Shares of monday.com Ltd. (NASDAQ:MNDY)

XTX Topco Ltd grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 297.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,868 shares of the company’s stock after purchasing an additional 5,142 shares during the period. XTX Topco Ltd’s holdings in monday.com were worth $1,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new position in monday.com in the first quarter worth $728,521,000. Price T Rowe Associates Inc. MD increased its stake in shares of monday.com by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after acquiring an additional 31,304 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after acquiring an additional 188,800 shares in the last quarter. 1832 Asset Management L.P. lifted its position in monday.com by 12.1% during the 4th quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock valued at $161,573,000 after acquiring an additional 92,600 shares during the period. Finally, Jennison Associates LLC boosted its stake in monday.com by 12.1% during the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after acquiring an additional 84,182 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. KeyCorp lowered their target price on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Piper Sandler reissued an “overweight” rating and issued a $300.00 target price (up from $270.00) on shares of monday.com in a report on Monday, August 12th. Tigress Financial raised their price target on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Baird R W upgraded shares of monday.com to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC increased their price objective on shares of monday.com from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $285.79.

monday.com Price Performance

Shares of MNDY opened at $274.33 on Friday. The firm has a market capitalization of $13.24 billion, a P/E ratio of 721.92, a PEG ratio of 12.23 and a beta of 1.32. The business has a fifty day moving average of $244.12 and a 200 day moving average of $226.40. monday.com Ltd. has a one year low of $122.13 and a one year high of $277.94.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million during the quarter, compared to analyst estimates of $227.96 million. Analysts expect that monday.com Ltd. will post 0.49 EPS for the current fiscal year.

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.