Stock Traders Buy Large Volume of monday.com Call Options (NASDAQ:MNDY)

monday.com Ltd. (NASDAQ:MNDY) was the recipient of some unusual options trading on Monday. Investors purchased 11,749 call options on the company. This is an increase of 408% compared to the typical volume of 2,311 call options.

Analyst Ratings Changes

MNDY has been the subject of several recent analyst reports. Jefferies Financial Group reduced their target price on shares of monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. KeyCorp downgraded monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Canaccord Genuity Group raised their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Loop Capital dropped their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.77.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com in the fourth quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the fourth quarter worth $28,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter valued at about $33,000. Signaturefd LLC lifted its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $326.58 on Tuesday. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 796.54, a P/E/G ratio of 7.67 and a beta of 1.31. The stock has a 50-day simple moving average of $250.37 and a 200-day simple moving average of $262.04. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. As a group, equities research analysts predict that monday.com will post 0.85 earnings per share for the current 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.