4,718 Shares in monday.com Ltd. (NASDAQ:MNDY) Bought by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,718 shares of the company’s stock, valued at approximately $1,311,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of monday.com in the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC increased its position in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC acquired a new stake in monday.com during the 2nd quarter valued at approximately $69,000. PNC Financial Services Group Inc. increased its position in monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its position in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Up 3.6 %

Shares of monday.com stock traded up $10.28 during mid-day trading on Thursday, reaching $292.80. 111,631 shares of the stock traded hands, compared to its average volume of 702,548. The business has a 50-day moving average of $269.32 and a 200 day moving average of $236.51. monday.com Ltd. has a fifty-two week low of $122.13 and a fifty-two week high of $293.88. The stock has a market capitalization of $14.14 billion, a PE ratio of 743.47, a PEG ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The business had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. On average, equities research analysts expect that monday.com Ltd. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MNDY. Piper Sandler increased their price target on monday.com from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday. Baird R W upgraded monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Bank of America lifted their price target on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of monday.com in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.35.

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.