Artemis Investment Management LLP Invests $8.20 Million in monday.com Ltd. (NASDAQ:MNDY)

Artemis Investment Management LLP bought a new position in monday.com Ltd. (NASDAQ:MNDY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 36,323 shares of the company’s stock, valued at approximately $8,201,000. Artemis Investment Management LLP owned approximately 0.08% of monday.com as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC purchased a new position in monday.com in the first quarter worth $286,000. Park Avenue Securities LLC purchased a new stake in monday.com during the first quarter valued at about $364,000. Renaissance Capital LLC boosted its position in monday.com by 3.0% during the first quarter. Renaissance Capital LLC now owns 16,255 shares of the company’s stock valued at $3,672,000 after buying an additional 472 shares during the period. Los Angeles Capital Management LLC purchased a new stake in monday.com during the first quarter valued at about $226,000. Finally, Quadrature Capital Ltd boosted its position in monday.com by 54.3% during the fourth quarter. Quadrature Capital Ltd now owns 90,414 shares of the company’s stock valued at $16,981,000 after buying an additional 31,831 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of monday.com from $260.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. KeyCorp upped their price target on shares of monday.com from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Canaccord Genuity Group upped their price target on shares of monday.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Oppenheimer increased their target price on shares of monday.com from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, DA Davidson raised their target price on monday.com from $190.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $253.82.

monday.com Price Performance

Shares of MNDY opened at $240.76 on Friday. monday.com Ltd. has a one year low of $122.13 and a one year high of $249.00. The company has a 50-day simple moving average of $214.59 and a two-hundred day simple moving average of $209.57. The firm has a market capitalization of $11.62 billion, a PE ratio of 633.60, a price-to-earnings-growth ratio of 47.25 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The business had revenue of $216.91 million during the quarter, compared to analyst estimates of $210.33 million. Analysts expect that monday.com Ltd. will post 0.12 EPS for the current fiscal year.

monday.com 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.