Principal Financial Group Inc. Buys 14,059 Shares of monday.com Ltd. (NASDAQ:MNDY)

Principal Financial Group Inc. grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 35.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,306 shares of the company's stock after purchasing an additional 14,059 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of monday.com worth $14,807,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MNDY. Quent Capital LLC bought a new position in monday.com during the 1st quarter worth $565,000. Russell Investments Group Ltd. raised its stake in monday.com by 156.0% in the 1st quarter. Russell Investments Group Ltd. now owns 25,673 shares of the company's stock worth $5,799,000 after purchasing an additional 15,643 shares in the last quarter. US Bancorp DE boosted its holdings in monday.com by 69.4% in the 1st quarter. US Bancorp DE now owns 14,303 shares of the company's stock valued at $3,231,000 after purchasing an additional 5,861 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of monday.com by 6.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,759 shares of the company's stock worth $14,401,000 after purchasing an additional 3,939 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in shares of monday.com during the first quarter worth approximately $1,379,000. Institutional investors own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MNDY shares. Barclays boosted their price target on monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. TD Cowen upped their target price on monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Baird R W upgraded monday.com to a "hold" rating in a research report on Tuesday, July 23rd. Tigress Financial upped their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group increased their price objective on shares of monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, monday.com currently has an average rating of "Moderate Buy" and a consensus price target of $310.10.

monday.com Stock Down 2.2 %

monday.com stock traded down $6.01 during trading hours on Friday, hitting $262.89. The stock had a trading volume of 855,574 shares, compared to its average volume of 724,225. The business's 50 day simple moving average is $280.53 and its 200-day simple moving average is $248.14. monday.com Ltd. has a one year low of $166.86 and a one year high of $324.99. The stock has a market cap of $12.69 billion, a price-to-earnings ratio of 641.20, a P/E/G ratio of 12.55 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same quarter last year, the business earned $0.15 EPS. The firm's quarterly revenue was up 49.5% on a year-over-year basis. Research analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

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.