monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 380,188 shares of the company's stock after buying an additional 52,202 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.75% of monday.com worth $99,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co raised its position in shares of monday.com by 86.2% during the 1st quarter. Diversified Trust Co now owns 5,947 shares of the company's stock worth $1,446,000 after purchasing an additional 2,753 shares during the last quarter. Spire Wealth Management raised its holdings in shares of monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of monday.com in the first quarter valued at $297,000. WoodTrust Financial Corp purchased a new stake in shares of monday.com in the first quarter valued at $255,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of monday.com by 109.2% during the first quarter. Asset Management One Co. Ltd. now owns 27,231 shares of the company's stock valued at $6,647,000 after acquiring an additional 14,213 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on MNDY. Loop Capital lowered their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Scotiabank increased their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of monday.com in a report on Tuesday, May 13th. Jefferies Financial Group cut their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. reduced their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $347.09.

monday.com Trading Down 1.3%

MNDY stock traded down $3.90 during midday trading on Wednesday, hitting $299.86. 366,282 shares of the company's stock were exchanged, compared to its average volume of 737,470. The firm has a 50 day moving average price of $290.47 and a 200-day moving average price of $268.06. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 305.98, a price-to-earnings-growth ratio of 113.79 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The business's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, sell-side analysts forecast that monday.com Ltd. will post 0.46 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.