Taylor Frigon Capital Management LLC lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY – Free Report) by 101.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,556 shares of the company’s stock after purchasing an additional 14,894 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in monday.com were worth $2,043,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in MNDY. NewEdge Advisors LLC lifted its stake in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Advisory Services Network LLC acquired a new stake in monday.com during the third quarter valued at $28,000. EverSource Wealth Advisors LLC grew its position in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the period. Quarry LP purchased a new position in monday.com in the fourth quarter valued at $29,000. Finally, Abound Wealth Management purchased a new position in monday.com in the fourth quarter valued at $30,000. 73.70% of the stock is owned by hedge funds and other institutional investors.
monday.com Stock Down 3.7%
Shares of NASDAQ MNDY opened at $81.02 on Thursday. The company’s 50-day simple moving average is $76.84 and its 200-day simple moving average is $88.83. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $314.99. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 4.21 and a beta of 1.26.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their target price on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Citigroup cut their price target on monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Tigress Financial reduced their price target on monday.com to $165.00 and set a “buy” rating for the company in a report on Friday, May 22nd. UBS Group lowered their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.48.
Read Our Latest Stock Report on MNDY
monday.com Profile
monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.
The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.
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