Eagle Global Advisors LLC Increases Position in monday.com Ltd. (NASDAQ:MNDY)

Eagle Global Advisors LLC lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 85.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,500 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Eagle Global Advisors LLC’s holdings in monday.com were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC grew its stake in monday.com by 44.9% during the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares in the last quarter. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in monday.com by 13.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after acquiring an additional 93 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in monday.com by 21.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock valued at $131,000 after acquiring an additional 145 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in monday.com by 11.9% during the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock valued at $282,000 after acquiring an additional 160 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Down 0.5 %

Shares of monday.com stock traded down $1.22 on Friday, reaching $243.50. The stock had a trading volume of 695,112 shares, compared to its average volume of 1,216,089. The company has a 50 day moving average price of $207.00 and a 200 day moving average price of $199.82. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $249.00. The stock has a market capitalization of $11.76 billion, a P/E ratio of 640.81 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Tigress Financial raised their target price on shares of monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Piper Sandler reiterated an “overweight” rating and set a $270.00 price objective (up previously from $250.00) on shares of monday.com in a research report on Wednesday, May 15th. The Goldman Sachs Group increased their price objective on shares of monday.com from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Oppenheimer increased their price objective on shares of monday.com from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company increased their price objective on shares of monday.com from $260.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.50.

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.