Values First Advisors Inc. decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 58.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,270 shares of the company's stock after selling 1,791 shares during the quarter. Values First Advisors Inc.'s holdings in monday.com were worth $299,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in monday.com in the 2nd quarter valued at $285,000. Chicago Capital LLC raised its holdings in shares of monday.com by 18.9% during the 3rd quarter. Chicago Capital LLC now owns 1,795 shares of the company's stock worth $499,000 after acquiring an additional 285 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock worth $107,176,000 after acquiring an additional 313,279 shares during the period. International Assets Investment Management LLC purchased a new position in shares of monday.com during the 3rd quarter worth $21,989,000. Finally, Taylor Frigon Capital Management LLC purchased a new position in shares of monday.com during the 3rd quarter worth $1,311,000. Hedge funds and other institutional investors own 73.70% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. William Blair reissued an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. 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. Loop Capital cut their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, Citigroup raised monday.com from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus price target of $353.32.
Get Our Latest Stock Report on MNDY
monday.com Price Performance
Shares of NASDAQ:MNDY traded down $1.83 during trading on Friday, reaching $318.50. The company had a trading volume of 508,475 shares, compared to its average volume of 919,102. The stock's fifty day moving average price is $252.94 and its 200 day moving average price is $264.30. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 776.83, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, equities analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
monday.com Profile
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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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