Barclays PLC Purchases 12,078 Shares of monday.com Ltd. (NASDAQ:MNDY)

Barclays PLC raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 225.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,427 shares of the company's stock after purchasing an additional 12,078 shares during the period. Barclays PLC's holdings in monday.com were worth $4,840,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. FMR LLC lifted its holdings in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after buying an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock valued at $107,176,000 after acquiring an additional 313,279 shares during the period. Renaissance Technologies LLC grew its stake in shares of monday.com by 20.2% in the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock valued at $270,299,000 after acquiring an additional 188,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in monday.com by 171.3% during the second quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company's stock worth $65,938,000 after acquiring an additional 172,919 shares during the period. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of monday.com from $338.00 to $302.00 and set a "neutral" rating for the company in a report on Wednesday. Barclays increased their price target on monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Capital One Financial began coverage on monday.com in a report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price objective for the company. Oppenheimer increased their target price on monday.com from $275.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird boosted their price target on monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $309.62.

monday.com Trading Up 7.9 %

MNDY traded up $17.80 on Friday, reaching $242.49. The stock had a trading volume of 2,223,607 shares, compared to its average volume of 721,475. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 591.44, a price-to-earnings-growth ratio of 7.61 and a beta of 1.25. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The firm has a 50-day moving average of $282.23 and a 200-day moving average of $258.96.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm's revenue was up 49.5% compared to the same quarter last year. Sell-side analysts anticipate that monday.com Ltd. will post 0.85 EPS 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.