Fox Run Management L.L.C. Invests $292,000 in monday.com Ltd. (NASDAQ:MNDY)

Fox Run Management L.L.C. purchased a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,241 shares of the company's stock, valued at approximately $292,000.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after purchasing an additional 798,791 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after buying an additional 434,035 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of monday.com during the 4th quarter valued at about $27,010,000. Jennison Associates LLC lifted its holdings in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after acquiring an additional 100,333 shares during the last quarter. Finally, Polen Capital Management LLC purchased a new position in monday.com in the fourth quarter worth about $12,522,000. Institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MNDY shares. Canaccord Genuity Group raised their price objective on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Scotiabank lowered their target price on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Finally, Needham & Company LLC upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $352.64.

monday.com Trading Up 7.8 %

Shares of NASDAQ:MNDY traded up $19.02 during trading on Tuesday, reaching $262.18. The stock had a trading volume of 1,361,454 shares, compared to its average volume of 793,077. The company has a market capitalization of $13.31 billion, a P/E ratio of 436.97, a PEG ratio of 16.53 and a beta of 1.27. The firm's 50-day simple moving average is $273.31 and its 200 day simple moving average is $270.37. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

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.