TFJ Management LLC Invests $980,000 in monday.com Ltd. (NASDAQ:MNDY)

TFJ Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,164 shares of the company's stock, valued at approximately $980,000. monday.com accounts for approximately 0.9% of TFJ Management LLC's investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also added to or reduced their stakes in MNDY. MML Investors Services LLC grew its position in shares of monday.com by 4.0% during the 4th quarter. MML Investors Services LLC now owns 5,627 shares of the company's stock worth $1,325,000 after purchasing an additional 218 shares in the last quarter. MetLife Investment Management LLC grew its position in monday.com by 27.8% during the fourth quarter. MetLife Investment Management LLC now owns 4,364 shares of the company's stock worth $1,027,000 after buying an additional 948 shares in the last quarter. Curi RMB Capital LLC increased its stake in monday.com by 22.7% during the 4th quarter. Curi RMB Capital LLC now owns 39,514 shares of the company's stock worth $9,303,000 after acquiring an additional 7,309 shares during the period. First Trust Advisors LP raised its holdings in monday.com by 78.7% in the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company's stock valued at $11,304,000 after acquiring an additional 21,139 shares in the last quarter. Finally, Formula Growth Ltd. bought a new stake in shares of monday.com during the 4th quarter valued at $4,944,000. 73.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MNDY shares. Piper Sandler dropped their price target on monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research note on Wednesday. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. Tigress Financial upped their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and decreased their target price for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price objective on monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $343.09.

monday.com Price Performance

Shares of NASDAQ:MNDY traded up $9.18 on Friday, hitting $274.86. The company's stock had a trading volume of 376,870 shares, compared to its average volume of 802,070. The company has a market capitalization of $13.96 billion, a PE ratio of 458.13, a PEG ratio of 16.53 and a beta of 1.34. The company has a 50-day simple moving average of $260.51 and a 200 day simple moving average of $266.26. monday.com Ltd. has a 1 year low of $179.02 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) 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 net margin of 3.33% and a return on equity of 6.22%. On average, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.