TFJ Management LLC Purchases Shares of 4,164 monday.com Ltd. (NASDAQ:MNDY)

TFJ Management LLC acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,164 shares of the company's stock, valued at approximately $980,000. monday.com comprises approximately 0.9% of TFJ Management LLC's portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MML Investors Services LLC boosted its stake in shares of monday.com by 4.0% during the fourth quarter. MML Investors Services LLC now owns 5,627 shares of the company's stock valued at $1,325,000 after purchasing an additional 218 shares in the last quarter. MetLife Investment Management LLC raised its holdings in monday.com by 27.8% in the 4th quarter. MetLife Investment Management LLC now owns 4,364 shares of the company's stock valued at $1,027,000 after buying an additional 948 shares during the last quarter. Curi RMB Capital LLC boosted its position in monday.com by 22.7% during the 4th quarter. Curi RMB Capital LLC now owns 39,514 shares of the company's stock worth $9,303,000 after buying an additional 7,309 shares during the period. First Trust Advisors LP boosted its position in monday.com by 78.7% during the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company's stock worth $11,304,000 after buying an additional 21,139 shares during the period. Finally, Formula Growth Ltd. bought a new stake in monday.com during the 4th quarter worth approximately $4,944,000. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research note on Tuesday, February 11th. Robert W. Baird lifted their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" 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 report on Tuesday, February 11th. Cantor Fitzgerald raised 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. Finally, Tigress Financial upped their target price on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $343.09.

monday.com Trading Up 7.1 %

monday.com stock traded up $17.69 during midday trading on Thursday, reaching $265.68. The stock had a trading volume of 759,852 shares, compared to its average volume of 802,453. The company has a fifty day moving average price of $261.57 and a two-hundred day moving average price of $266.32. monday.com Ltd. has a 12 month low of $179.02 and a 12 month high of $342.64. The company has a market capitalization of $13.49 billion, a P/E ratio of 442.80, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities research analysts predict 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.