monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Man Group plc

Man Group plc raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 162.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 316,190 shares of the company's stock after purchasing an additional 195,741 shares during the period. Man Group plc owned 0.65% of monday.com worth $74,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nellore Capital Management LLC acquired a new position in monday.com during the fourth quarter worth approximately $1,177,000. Nuveen Asset Management LLC increased its position in monday.com by 6.8% during the fourth quarter. Nuveen Asset Management LLC now owns 101,338 shares of the company's stock worth $23,859,000 after purchasing an additional 6,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in monday.com by 116.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 383 shares of the company's stock worth $90,000 after purchasing an additional 206 shares during the last quarter. Janus Henderson Group PLC increased its position in monday.com by 954.6% during the fourth quarter. Janus Henderson Group PLC now owns 81,026 shares of the company's stock worth $19,078,000 after purchasing an additional 73,343 shares during the last quarter. Finally, Graham Capital Management L.P. increased its position in monday.com by 62.7% during the fourth quarter. Graham Capital Management L.P. now owns 11,028 shares of the company's stock worth $2,596,000 after purchasing an additional 4,248 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MNDY shares. Jefferies Financial Group decreased their price objective 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. Tigress Financial boosted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Canaccord Genuity Group decreased their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Tuesday. Piper Sandler boosted 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of monday.com in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $346.50.

monday.com Price Performance

MNDY traded up $0.16 during trading on Friday, hitting $293.13. The company had a trading volume of 480,381 shares, compared to its average volume of 772,986. The company has a market cap of $14.88 billion, a PE ratio of 488.55, a P/E/G ratio of 16.53 and a beta of 1.32. The business has a 50-day moving average of $259.42 and a 200-day moving average of $265.39. monday.com Ltd. has a 1-year low of $188.01 and a 1-year 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, beating the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. 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.