First Trust Advisors LP Has $11.30 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

First Trust Advisors LP increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,014 shares of the company's stock after buying an additional 21,139 shares during the quarter. First Trust Advisors LP owned about 0.10% of monday.com worth $11,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in monday.com during the fourth quarter worth about $33,000. Signaturefd LLC increased its holdings in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised 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 valued at $35,000 after buying an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

NASDAQ:MNDY opened at $274.00 on Monday. The company has a market capitalization of $13.91 billion, a PE ratio of 456.67, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a fifty-two week low of $179.02 and a fifty-two week high of $342.64. The company has a 50 day simple moving average of $259.55 and a two-hundred day simple moving average of $266.03.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data 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%. Research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank decreased 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 research note on Monday, March 17th. Citigroup upgraded monday.com from a "neutral" rating to a "buy" rating and decreased their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Cantor Fitzgerald upped their price objective on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Canaccord Genuity Group boosted their target price on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $343.09.

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.

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