monday.com Ltd. (NASDAQ:MNDY) Holdings Lifted by Man Group plc

Man Group plc grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 162.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 316,190 shares of the company's stock after buying an additional 195,741 shares during the quarter. Man Group plc owned 0.65% of monday.com worth $74,444,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MNDY. FMR LLC raised its stake in shares of monday.com by 78.7% during the 4th 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 during the period. Norges Bank purchased a new position in monday.com in the fourth quarter worth approximately $116,686,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of monday.com in the 4th quarter worth approximately $109,605,000. SG Americas Securities LLC boosted its stake 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 valued at $112,162,000 after purchasing an additional 434,035 shares during the period. Finally, CIBC Private Wealth Group LLC increased 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 worth $126,407,000 after purchasing an additional 403,255 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Tigress Financial lifted their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Cantor Fitzgerald boosted their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. UBS Group decreased their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $346.50.

monday.com Stock Up 0.3%

Shares of MNDY traded up $0.84 during mid-day trading on Monday, reaching $293.97. 220,664 shares of the stock traded hands, compared to its average volume of 770,139. The stock has a fifty day simple moving average of $259.42 and a 200 day simple moving average of $264.95. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 488.14, a P/E/G ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64.

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