Legal & General Group Plc lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY – Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,417 shares of the company’s stock after purchasing an additional 22,904 shares during the period. Legal & General Group Plc’s holdings in monday.com were worth $21,900,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of monday.com by 29.8% during the 4th quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock worth $57,000 after purchasing an additional 89 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of monday.com by 5.3% during the 3rd quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock worth $349,000 after purchasing an additional 91 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of monday.com by 84.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $57,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on MNDY shares. Bank of America dropped their price objective on monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. Robert W. Baird reissued a “neutral” rating and set a $90.00 target price (down from $175.00) on shares of monday.com in a report on Tuesday, February 10th. Guggenheim set a $130.00 target price on monday.com and gave the stock a “buy” rating in a report on Thursday, April 9th. BTIG Research decreased their target price on monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group decreased their target price on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average target price of $126.48.
monday.com Price Performance
NASDAQ MNDY opened at $83.62 on Monday. The business has a 50 day simple moving average of $70.67 and a 200 day simple moving average of $103.42. monday.com Ltd. has a one year low of $57.50 and a one year high of $316.98. The stock has a market capitalization of $4.28 billion, a P/E ratio of 36.36, a P/E/G ratio of 4.58 and a beta of 1.24.
monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.27 million during the quarter. Equities analysts expect that monday.com Ltd. will post 1.45 earnings per share for the current year.
monday.com Company Profile
monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.
The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.
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