Cathie Wood Keeps Buying monday.com (MNDY) Stock. Here’s Why.

InvestorPlace2022-05-05

Today, shares of monday.com(NASDAQ:MNDY) stock are in the spotlight after Cathie Wood’s Ark Invest reported buying shares on May 2 and May 3 through one of its exchange-traded funds (ETFs). ...

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Comments

Steven Tay
2022-05-05
Steven Tay
Ok
Aoyjai
2022-05-05
Aoyjai
CW = Cannot Work.....
Venus888
2022-05-05
Venus888
Pls like. Thanks
Andarian
2022-05-05
Andarian
Hope not another jinxed
Will.I.AM
2022-05-05
Will.I.AM
[Miser]
NareshwG
2022-05-05
NareshwG
Hope she can make her investors happy

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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-05 08:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-keeps-buying-monday-com-mndy-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, shares of monday.com(NASDAQ:MNDY) stock are in the spotlight after Cathie Wood’s Ark Invest reported buying shares on May 2 and May 3 through one of its exchange-traded funds (ETFs). ...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-keeps-buying-monday-com-mndy-stock-heres-why/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNDY","symbol_name":"Monday.com Ltd.","start_time":0,"source_url":"https://investorplace.com/2022/05/cathie-wood-keeps-buying-monday-com-mndy-stock-heres-why/","article_id":"1158100586","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158100586","pubTimestamp":1651711770,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Today, shares of monday.com(NASDAQ:MNDY) stock are in the spotlight after Cathie Wood’s Ark Invest r","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MNDY":"Monday.com Ltd."},"translate_title":"凯茜·伍德一直在购买Monday.com的股票。原因如下。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MNDY":0.9},"content_text":"Today, shares of monday.com(NASDAQ:MNDY) stock are in the spotlight after Cathie Wood’s Ark Invest reported buying shares on May 2 and May 3 through one of its exchange-traded funds (ETFs). Essentially, MNDY operates as a collaboration and communication platform for business users.Shares of MNDY stock have fallen over 58% year-to-date (YTD) in light of the challenging macroeconomic environment, which has been exasperated by rising interest rates and inflation. However, Cathie Wood remains unfazed in her conviction about the company.Here’s what investors should know about monday.com and Ark’s share purchases moving forward.Cathie Wood Buys MNDY StockLooking forward, monday.com has confirmed that it will report first-quarter earnings on May 16. Accordingly, it seems that Ark Invest believes the company will post impressive results.On May 2, the Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing 25,566 shares of MNDY stock. The next day, the same ETF purchased an additional 2,041 shares. Interestingly enough, monday.com was the only company that Ark ETFs transacted with on May 3.After the purchases, MNDY stock accounts for1.56%of ARKW, making it the 20th largest position in the ETF. In all Ark ETFs, the company also holds a 0.17% allocation, making it the 78th largest position.Besides the purchases on May 2 and May 3, the last time Ark Invest purchased shares of MNDY stock was on March 28. On that day, ARKW purchased 43,638 shares.All told, monday.com does not account for a significant percentage of ARKW. However, it still seems Wood is building up her position before the company’s earnings date. As such, investors should keep their eyes peeled for further buys prior to the results.3 Analysts Chime In About monday.comTigress Financial has a price target of $432 for MNDY stock. Analyst Ivan Feinseth believes the company is quickly gaining market share versus competitors. Feinseth also says its work operating system is “highly scalable and adaptable.” As a result, the analyst predicts the business model will “drive significant revenue growth as it penetrates its large and growing potential market.”Goldman Sachs has a price target of $390. Analyst Kash Rangan is impressed by the company’s growth and free cash flow generation. Furthermore, Rangan views monday.com as a “leader in the work operating system market,” which is involved with many industry subsectors like customer relationship management (CRM), marketing, human resources and information technology (IT).Finally, Needham has a price target of $230. Analyst Scott Berg believes that sentiment toward the company’s outlook is positive due to management’s “high confidence” on sustained product demand. Berg adds that he would like to see its core platform expand with new modules and offerings. The analyst describes the company as “a platform that extends far beyond just project management.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9068340579,"gmtCreate":1651723786886,"gmtModify":1676534957268,"author":{"id":"4099285253763630","authorId":"4099285253763630","name":"Steven Tay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4099285253763630","authorIdStr":"4099285253763630"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068340579","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068317072,"gmtCreate":1651718178858,"gmtModify":1676534956172,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578371382142637","authorIdStr":"3578371382142637"},"htmlText":"CW = Cannot Work.....","listText":"CW = Cannot Work.....","text":"CW = Cannot Work.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068317072","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068336525,"gmtCreate":1651716454058,"gmtModify":1676534955861,"author":{"id":"3572313172431959","authorId":"3572313172431959","name":"Venus888","avatar":"https://static.tigerbbs.com/2eb10c539f367e4d8f1ae8ddf081bfdf","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3572313172431959","authorIdStr":"3572313172431959"},"htmlText":"Pls like. Thanks","listText":"Pls like. Thanks","text":"Pls like. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068336525","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068333067,"gmtCreate":1651715866045,"gmtModify":1676534955630,"author":{"id":"3575034124594582","authorId":"3575034124594582","name":"Andarian","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3575034124594582","authorIdStr":"3575034124594582"},"htmlText":"Hope not another jinxed","listText":"Hope not another jinxed","text":"Hope not another jinxed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068333067","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068391841,"gmtCreate":1651715222548,"gmtModify":1676534955452,"author":{"id":"4106551597750560","authorId":"4106551597750560","name":"Will.I.AM","avatar":"https://static.itradeup.com/news/0efcc50f0133a5d02433a90d6297022e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4106551597750560","authorIdStr":"4106551597750560"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068391841","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9068390342,"gmtCreate":1651714919774,"gmtModify":1676534955379,"author":{"id":"3572945845916163","authorId":"3572945845916163","name":"NareshwG","avatar":"https://static.tigerbbs.com/0d6dc06165c1a0cc4f1a8169ea48573d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572945845916163","authorIdStr":"3572945845916163"},"htmlText":"Hope she can make her investors happy&nbsp;","listText":"Hope she can make her investors happy&nbsp;","text":"Hope she can make her investors happy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068390342","repostId":1158100586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":203,"commentSize":24,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158100586"}