Franklin Resources Inc. Has $428.33 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

Franklin Resources Inc. decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,819,280 shares of the company's stock after selling 52,344 shares during the period. Franklin Resources Inc. owned about 3.77% of monday.com worth $428,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MNDY. Oppenheimer & Co. Inc. grew its holdings in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after purchasing an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in monday.com during the 4th quarter worth about $245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in monday.com by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company's stock valued at $29,009,000 after acquiring an additional 10,285 shares in the last quarter. Bailard Inc. raised its stake in shares of monday.com by 147.5% in the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after purchasing an additional 8,329 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Canaccord Genuity Group upped their price target on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Scotiabank lowered their price objective on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. DA Davidson raised shares of monday.com from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a research note on Monday, March 17th. Finally, Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Three investment 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $352.64.

monday.com Stock Performance

NASDAQ MNDY traded down $15.86 during trading hours on Friday, reaching $217.77. 1,708,715 shares of the company's stock were exchanged, compared to its average volume of 802,306. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The company's 50-day moving average is $272.65 and its two-hundred day moving average is $269.85. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 362.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 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%. Research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Company 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.