2,341 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,341 shares of the company's stock, valued at approximately $551,000.

Several other institutional investors also recently bought and sold shares of the stock. Clearbridge Investments LLC increased its position in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after acquiring an additional 44 shares during the period. Prudential Financial Inc. boosted its holdings in shares of monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after acquiring an additional 76 shares in the last quarter. Finally, Vestcor Inc increased its stake in monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock valued at $142,000 after purchasing an additional 83 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Up 0.3 %

MNDY stock traded up $0.70 during trading on Monday, hitting $241.51. The company had a trading volume of 237,610 shares, compared to its average volume of 805,499. The company has a 50 day simple moving average of $270.36 and a 200-day simple moving average of $267.87. The firm has a market capitalization of $12.26 billion, a P/E ratio of 402.52, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly 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 return on equity of 6.22% and a net margin of 3.33%. Sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MNDY. Piper Sandler lifted their target price on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Scotiabank dropped their price objective on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group increased their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on shares of monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, DA Davidson upgraded monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price target for the company in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $352.64.

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.