Franklin Resources Inc. cut its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 10.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,871,624 shares of the company's stock after selling 214,611 shares during the quarter. Franklin Resources Inc. owned 3.88% of monday.com worth $546,009,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MNDY. Mercer Global Advisors Inc. ADV lifted its position in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company's stock worth $271,000 after buying an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock worth $314,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC grew its stake in monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock valued at $725,000 after purchasing an additional 67 shares in the last quarter. FDx Advisors Inc. increased its position in shares of monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company's stock worth $482,000 after purchasing an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock worth $497,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Price Performance
NASDAQ:MNDY traded down $8.96 during trading hours on Friday, reaching $273.08. 488,853 shares of the company were exchanged, compared to its average volume of 725,347. The company has a market capitalization of $13.18 billion, a P/E ratio of 666.05, a P/E/G ratio of 7.75 and a beta of 1.25. The business has a 50 day moving average of $285.81 and a 200 day moving average of $258.11. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to analysts' expectations of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com's revenue was up 49.5% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Robert W. Baird boosted their price objective on shares of monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 target price on shares of monday.com in a report on Tuesday, November 12th. Barclays lifted their price target on monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Finally, Scotiabank initiated coverage on monday.com in a research report on Tuesday, November 19th. They issued a "sector outperform" rating and a $325.00 price objective for the company. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $310.81.
View Our Latest Analysis on monday.com
About monday.com
(
Free Report)
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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