Allspring Global Investments Holdings LLC Buys 12,460 Shares of monday.com Ltd. (NASDAQ:MNDY)

Allspring Global Investments Holdings LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,564 shares of the company's stock after acquiring an additional 12,460 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of monday.com worth $17,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC increased its holdings in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after acquiring an additional 102 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of monday.com during the second quarter valued at approximately $69,000. PNC Financial Services Group Inc. boosted its position in shares of monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock valued at $74,000 after buying an additional 310 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock valued at $91,000 after buying an additional 356 shares during the last quarter. Finally, RiverPark Advisors LLC purchased a new position in shares of monday.com during the first quarter valued at approximately $130,000. Institutional investors own 73.70% of the company's stock.

monday.com Stock Up 3.0 %

Shares of NASDAQ:MNDY traded up $7.78 during midday trading on Thursday, reaching $263.95. 549,977 shares of the company traded hands, compared to its average volume of 778,608. monday.com Ltd. has a 12 month low of $122.13 and a 12 month high of $272.77. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 703.82, a price-to-earnings-growth ratio of 43.41 and a beta of 1.30. The firm's fifty day moving average price is $238.18 and its two-hundred day moving average price is $222.51.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of monday.com in a research report on Monday, June 24th. Barclays lifted their target price on monday.com from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Canaccord Genuity Group lifted their target price on monday.com from $250.00 to $295.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Baird R W raised monday.com to a "hold" rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group boosted their price objective on monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus price target of $285.79.

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.