Wellington Management Group LLP Raises Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Wellington Management Group LLP lifted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,959 shares of the company's stock after acquiring an additional 13,827 shares during the period. Wellington Management Group LLP owned 0.09% of monday.com worth $9,879,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the 4th quarter worth $28,000. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter worth $33,000. Signaturefd LLC increased its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 0.1%

Shares of MNDY traded up $0.29 during mid-day trading on Friday, reaching $305.29. The company had a trading volume of 293,774 shares, compared to its average volume of 743,920. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The stock has a market capitalization of $15.50 billion, a P/E ratio of 508.82, a PEG ratio of 16.53 and a beta of 1.30. The stock has a 50 day moving average of $270.87 and a two-hundred day moving average of $266.55.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company's revenue was up 30.2% compared to the same quarter last year. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MNDY. Canaccord Genuity Group reduced their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Tigress Financial upped their target price on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company upped their target price on monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $346.50.

About monday.com

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.