WCM Investment Management LLC Purchases 6,859 Shares of monday.com Ltd. (NASDAQ:MNDY)

WCM Investment Management LLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,193,557 shares of the company's stock after purchasing an additional 6,859 shares during the period. monday.com accounts for about 2.6% of WCM Investment Management LLC's investment portfolio, making the stock its 15th largest holding. WCM Investment Management LLC owned 8.69% of monday.com worth $1,140,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MNDY. Clearbridge Investments LLC lifted its stake in monday.com by 2,851.5% during the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company's stock valued at $77,818,000 after purchasing an additional 332,852 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of monday.com by 431.7% during the 3rd 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 last quarter. Renaissance Technologies LLC boosted its stake in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after acquiring an additional 188,800 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of monday.com by 171.3% in the 2nd 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 last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of monday.com by 34.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock worth $160,707,000 after acquiring an additional 170,800 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on monday.com from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of monday.com in a research report on Thursday, September 26th. Baird R W upgraded shares of monday.com to a "hold" rating in a research report on Tuesday, July 23rd. Canaccord Genuity Group lifted their price objective on shares of monday.com from $250.00 to $295.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, Citigroup increased their target price on monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $306.60.

monday.com Stock Down 15.1 %

MNDY stock traded down $49.10 during mid-day trading on Monday, reaching $275.21. 4,009,604 shares of the stock traded hands, compared to its average volume of 710,558. The business has a 50-day moving average of $279.07 and a two-hundred day moving average of $246.86. The firm has a market capitalization of $13.29 billion, a PE ratio of 344.01, a P/E/G ratio of 15.22 and a beta of 1.31. monday.com Ltd. has a 52 week low of $150.10 and a 52 week high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, equities 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.