Janus Henderson Group PLC Purchases 73,343 Shares of monday.com Ltd. (NASDAQ:MNDY)

Janus Henderson Group PLC lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 954.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,026 shares of the company's stock after buying an additional 73,343 shares during the quarter. Janus Henderson Group PLC owned about 0.17% of monday.com worth $19,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after buying an additional 44 shares during the last quarter. Prudential Financial Inc. lifted its holdings in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the period. Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% during 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. Venturi Wealth Management LLC increased its holdings in monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock worth $253,000 after buying an additional 76 shares during the last quarter. Finally, Vestcor Inc raised its holdings in shares of monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 1.5%

Shares of NASDAQ:MNDY traded down $4.63 on Wednesday, reaching $297.45. 143,893 shares of the company traded hands, compared to its average volume of 769,141. The stock has a market capitalization of $15.10 billion, a P/E ratio of 496.30, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The business's 50-day simple moving average is $261.41 and its 200 day simple moving average is $265.14. 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 earnings per share (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 business had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. During the same period last year, the company earned $0.61 EPS. monday.com's revenue for the quarter was up 30.2% compared to the same quarter last year. Sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MNDY shares. Robert W. Baird increased their price target on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Loop Capital dropped their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Cantor Fitzgerald raised their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Barclays reduced their price target on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, monday.com 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.