9,670 Shares in monday.com Ltd. $MNDY Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,670 shares of the company’s stock, valued at approximately $1,873,000.

A number of other large investors have also recently bought and sold shares of 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. Promus Capital LLC bought a new stake in monday.com in the second quarter worth approximately $45,000. Smartleaf Asset Management LLC lifted its stake in monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after buying an additional 190 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of monday.com by 219.6% during the 2nd quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $51,000 after buying an additional 112 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY stock opened at $75.35 on Wednesday. The company has a market capitalization of $3.83 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 1.30 and a beta of 1.25. monday.com Ltd. has a 52-week low of $68.68 and a 52-week high of $316.98. The business has a 50-day simple moving average of $119.22 and a two-hundred day simple moving average of $158.00.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 9th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. The firm had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of monday.com from a “buy” rating to a “hold” rating and dropped their target price for the company from $260.00 to $80.00 in a research report on Monday. Needham & Company LLC dropped their price objective on shares of monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Barclays set a $115.00 price objective on shares of monday.com in a research report on Tuesday, February 10th. Citigroup decreased their target price on monday.com from $230.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, KeyCorp cut their price target on monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.38.

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.