Janus Henderson Group PLC Boosts Position in monday.com Ltd. (NASDAQ:MNDY)

Janus Henderson Group PLC grew its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 954.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,026 shares of the company's stock after buying an additional 73,343 shares during the period. Janus Henderson Group PLC owned approximately 0.17% of monday.com worth $19,078,000 as of its most recent filing with the Securities & Exchange Commission.

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

monday.com Stock Down 1.0%

MNDY stock traded down $3.03 during trading on Monday, hitting $290.10. 498,354 shares of the company's stock traded hands, compared to its average volume of 771,225. The firm has a market capitalization of $14.73 billion, a P/E ratio of 483.50, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1 year low of $188.01 and a 1 year high of $342.64. The business has a fifty day simple moving average of $259.42 and a two-hundred day simple moving average of $264.95.

monday.com (NASDAQ:MNDY - Get Free Report) last released 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. 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 during the quarter, compared to analyst estimates of $275.93 million. During the same period in the previous year, the company posted $0.61 EPS. The business's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler lifted their price objective on shares of monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Jefferies Financial Group dropped their price target on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Loop Capital reduced their price objective on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald upped their target price on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, the company 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.