Franklin Resources Inc. Lowers Position in monday.com Ltd. (NASDAQ:MNDY)

Franklin Resources Inc. decreased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,819,280 shares of the company’s stock after selling 52,344 shares during the period. Franklin Resources Inc. owned about 3.77% of monday.com worth $428,331,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in monday.com during the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com during the fourth quarter valued at about $28,000. R Squared Ltd purchased a new position in monday.com during the fourth quarter worth about $33,000. Signaturefd LLC grew its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

monday.com stock opened at $243.16 on Tuesday. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The firm has a market capitalization of $12.35 billion, a P/E ratio of 405.27, a PEG ratio of 16.53 and a beta of 1.27. The business has a fifty day moving average price of $273.01 and a 200-day moving average price of $270.32.

monday.com (NASDAQ:MNDY) last posted its earnings results 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%. Sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of research analyst reports. Loop Capital cut their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Needham & Company LLC raised their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Scotiabank reduced their price target on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $352.64.

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.