Nuveen Asset Management LLC Buys 6,485 Shares of monday.com Ltd. (NASDAQ:MNDY)

Nuveen Asset Management LLC increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,338 shares of the company's stock after acquiring an additional 6,485 shares during the period. Nuveen Asset Management LLC owned approximately 0.21% of monday.com worth $23,859,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. FMR LLC boosted its holdings in monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after buying an additional 1,189,858 shares in the last quarter. Norges Bank purchased a new position in monday.com in the 4th quarter worth about $116,686,000. T. Rowe Price Investment Management Inc. purchased a new stake in monday.com during the fourth quarter valued at about $109,605,000. SG Americas Securities LLC increased its position in shares of monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares during the period. Institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

MNDY has been the subject of several recent analyst reports. Loop Capital decreased their target price on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of monday.com in a report on Tuesday, May 13th. Piper Sandler upped their target price on monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group dropped their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $346.50.

monday.com Stock Performance

NASDAQ MNDY traded up $0.04 during trading hours on Wednesday, hitting $299.15. The company had a trading volume of 69,029 shares, compared to its average volume of 757,552. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 498.63, a PEG 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. The firm has a 50 day simple moving average of $264.45 and a 200 day simple moving average of $264.49.

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