Allspring Global Investments Holdings LLC Has $92.44 Million Stock Holdings in monday.com Ltd. $MNDY

Key Points

• Allspring Global Investments Holdings LLC reduced its holdings in monday.com Ltd. by 20% during the second quarter, now owning approximately $92.44 million worth of shares.
• Several institutional investors, including Rubicon Global Capital Ltd. and JPMorgan Chase & Co., significantly increased their stakes in monday.com, indicating strong investor interest in the company.
• monday.com recently reported earnings exceeding analyst expectations, with a 26.6% year-over-year revenue growth, contributing to a positive outlook among analysts despite varying ratings.

Allspring Global Investments Holdings LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 20.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,304 shares of the company's stock after selling 75,884 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.60% of monday.com worth $92,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MNDY. Rubicon Global Capital Ltd lifted its stake in shares of monday.com by 155.3% in the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company's stock worth $453,763,000 after buying an additional 877,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after buying an additional 745,686 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of monday.com in the first quarter worth $115,744,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after buying an additional 458,794 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MNDY. Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Morgan Stanley upgraded shares of monday.com from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $330.00 to $260.00 in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of monday.com in a research report on Wednesday, October 8th. Barclays cut their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group cut their target price on shares of monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $290.81.

monday.com Price Performance

Shares of monday.com stock opened at $185.65 on Tuesday. The firm has a market capitalization of $9.43 billion, a PE ratio of 250.88, a price-to-earnings-growth ratio of 8.74 and a beta of 1.24. The company's fifty day moving average price is $193.58 and its two-hundred day moving average price is $249.53. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that monday.com Ltd. will post 0.46 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.