Wellington Management Group LLP Acquires 13,827 Shares of monday.com Ltd. (NASDAQ:MNDY)

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

Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com in the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in shares of monday.com in the 4th quarter worth approximately $33,000. Signaturefd LLC lifted its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY traded down $2.20 on Wednesday, reaching $305.19. The company had a trading volume of 422,942 shares, compared to its average volume of 746,773. The business has a 50 day simple moving average of $267.61 and a 200 day simple moving average of $265.61. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 508.65, a P/E/G ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The business's revenue was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

MNDY has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of monday.com in a research report on Tuesday, May 13th. Tigress Financial boosted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Jefferies Financial Group lowered their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group increased their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average target price of $346.50.

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.