Bienville Capital Management LLC Has $17.88 Million Stock Position in monday.com Ltd. $MNDY

by · The Cerbat Gem

Bienville Capital Management LLC lowered its position in monday.com Ltd. (NASDAQ:MNDY – Free Report) by 20.3% in the second quarter, Holdings Channel.com reports. The fund owned 56,839 shares of the company’s stock after selling 14,469 shares during the period. monday.com makes up 3.5% of Bienville Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Bienville Capital Management LLC’s holdings in monday.com were worth $17,875,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MNDY. Price T Rowe Associates Inc. MD increased its position in shares of monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the period. JPMorgan Chase & Co. increased its holdings in monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock valued at $576,442,000 after buying an additional 150,987 shares during the period. Rubicon Global Capital Ltd increased its holdings in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after buying an additional 877,700 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after buying an additional 458,794 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of monday.com by 5.4% during the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock worth $207,955,000 after acquiring an additional 33,963 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY opened at $156.94 on Friday. The company has a market capitalization of $7.97 billion, a P/E ratio of 127.59, a PEG ratio of 6.40 and a beta of 1.27. monday.com Ltd. has a one year low of $141.20 and a one year high of $342.64. The business’s 50 day simple moving average is $172.24 and its 200-day simple moving average is $221.14.

monday.com (NASDAQ:MNDY – Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on MNDY shares. Citigroup lowered their target price on shares of monday.com from $332.00 to $319.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Canaccord Genuity Group decreased their price objective on monday.com from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Oppenheimer initiated coverage on monday.com in a report on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 target price for the company. Barclays cut their target price on monday.com from $258.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Finally, Morgan Stanley lowered their price target on monday.com from $260.00 to $236.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $262.91.

Get Our Latest Report on MNDY

monday.com Company Profile

(Free Report)

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.

Further Reading

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