Entropy Technologies LP Acquires 6,544 Shares of monday.com Ltd. (NASDAQ:MNDY)

Entropy Technologies LP lifted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 521.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,800 shares of the company’s stock after acquiring an additional 6,544 shares during the quarter. Entropy Technologies LP’s holdings in monday.com were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after purchasing an additional 67 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in monday.com by 18.2% during the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after buying an additional 100 shares during the period. Choreo LLC boosted its holdings in shares of monday.com by 3.8% during the 4th quarter. Choreo LLC now owns 3,005 shares of the company’s stock valued at $707,000 after buying an additional 111 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of monday.com by 74.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company’s stock worth $64,000 after buying an additional 117 shares during the period. Finally, Vestcor Inc lifted its position in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Scotiabank dropped their target price on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 16th. William Blair reissued an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price target on monday.com from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $310.68.

monday.com Stock Down 2.7 %

NASDAQ MNDY opened at $258.24 on Monday. The firm has a market capitalization of $12.47 billion, a P/E ratio of 629.85, a PEG ratio of 7.67 and a beta of 1.31. The company has a 50-day moving average price of $249.33 and a 200-day moving average price of $261.41. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $324.99.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 49.5% on a year-over-year basis. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current 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.