Fox Run Management L.L.C. Invests $292,000 in monday.com Ltd. (NASDAQ:MNDY)

Fox Run Management L.L.C. bought a new stake in monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,241 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new position in monday.com during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in monday.com in the fourth quarter valued at approximately $33,000. Signaturefd LLC lifted its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Robert W. Baird raised their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group boosted their price objective on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald increased their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.45.

monday.com Stock Down 3.3 %

Shares of MNDY stock opened at $255.68 on Friday. The stock has a fifty day moving average of $272.89 and a 200 day moving average of $270.09. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 426.13, a PEG ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com 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.