monday.com Ltd. (NASDAQ:MNDY) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. reduced its position in monday.com Ltd. (NASDAQ:MNDY) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,830 shares of the company’s stock after selling 84 shares during the quarter. FDx Advisors Inc.’s holdings in monday.com were worth $431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MNDY. International Assets Investment Management LLC acquired a new position in monday.com in the 3rd quarter valued at about $21,989,000. Taylor Frigon Capital Management LLC acquired a new position in monday.com in the 3rd quarter valued at about $1,311,000. Assenagon Asset Management S.A. grew its position in monday.com by 5.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 63,262 shares of the company’s stock valued at $17,572,000 after acquiring an additional 3,357 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of monday.com in the 3rd quarter valued at about $590,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of monday.com in the 3rd quarter valued at about $43,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MNDY. The Goldman Sachs Group lifted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler lifted their price objective on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Canaccord Genuity Group lifted their price objective on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays lifted their price objective on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Cantor Fitzgerald lifted their price objective on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Four equities 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, the company presently has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Trading Down 0.1 %

Shares of NASDAQ MNDY opened at $308.01 on Friday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a 50 day moving average of $255.54 and a two-hundred day moving average of $266.68. The stock has a market cap of $14.87 billion, a P/E ratio of 513.35, a P/E/G ratio of 16.54 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company Profile

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.