Wellington Management Group LLP boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,959 shares of the company's stock after purchasing an additional 13,827 shares during the quarter. Wellington Management Group LLP owned about 0.09% of monday.com worth $9,879,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of monday.com by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company's stock valued at $6,677,000 after buying an additional 1,353 shares during the last quarter. HighTower Advisors LLC increased its position in monday.com by 31.7% in the 3rd quarter. HighTower Advisors LLC now owns 9,943 shares of the company's stock valued at $2,746,000 after acquiring an additional 2,391 shares during the period. Janus Henderson Group PLC raised its stake in monday.com by 579.3% during the 3rd quarter. Janus Henderson Group PLC now owns 7,683 shares of the company's stock valued at $2,135,000 after acquiring an additional 6,552 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in monday.com during the 3rd quarter worth approximately $214,000. Finally, State Street Corp lifted its position in monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company's stock worth $163,295,000 after acquiring an additional 21,585 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Price Performance
NASDAQ MNDY traded up $7.32 on Tuesday, reaching $253.12. The company had a trading volume of 176,592 shares, compared to its average volume of 804,921. The firm has a market capitalization of $12.85 billion, a PE ratio of 421.49, a P/E/G ratio of 16.53 and a beta of 1.34. The firm has a 50-day moving average of $270.09 and a 200-day moving average of $267.69. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Cantor Fitzgerald upped their price target on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. DA Davidson reduced their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday. Needham & Company LLC increased their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, William Blair reissued an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. 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, monday.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $349.91.
Check Out Our Latest Report on monday.com
monday.com Company Profile
(
Free Report)
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.
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