Taylor Frigon Capital Management LLC raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 96.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,256 shares of the company's stock after purchasing an additional 4,538 shares during the period. Taylor Frigon Capital Management LLC's holdings in monday.com were worth $2,179,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares in the last quarter. Avior Wealth Management LLC boosted 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 acquiring an additional 67 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in monday.com by 7.6% in 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 during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock valued at $181,000 after acquiring an additional 100 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the 4th quarter valued at approximately $25,000. 73.70% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Cantor Fitzgerald upped their price target on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. William Blair restated an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Piper Sandler upped their price target on shares of monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Loop Capital dropped their price target on shares of monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $358.32.
Read Our Latest Report on monday.com
monday.com Trading Up 0.1 %
NASDAQ:MNDY traded up $0.22 on Friday, reaching $296.77. 665,988 shares of the stock traded hands, compared to its average volume of 1,101,811. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 494.62, a PEG ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company's fifty day simple moving average is $261.51 and its 200 day simple moving average is $270.04.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
monday.com Company Profile
(
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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