Allspring Global Investments Holdings LLC Trims Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Allspring Global Investments Holdings LLC decreased its stake in monday.com Ltd. (NASDAQ:MNDY) by 15.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 327,986 shares of the company’s stock after selling 57,857 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in monday.com were worth $75,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNDY. Sanctuary Advisors LLC purchased a new stake in monday.com in the 2nd quarter worth approximately $285,000. Chicago Capital LLC lifted its stake in shares of monday.com by 18.9% in the 3rd quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock valued at $499,000 after purchasing an additional 285 shares during the period. International Assets Investment Management LLC purchased a new stake in monday.com during the third quarter worth $21,989,000. Taylor Frigon Capital Management LLC acquired a new stake in monday.com during the third quarter valued at $1,311,000. Finally, Assenagon Asset Management S.A. increased its holdings in monday.com by 5.6% in the third quarter. Assenagon Asset Management S.A. now owns 63,262 shares of the company’s stock valued at $17,572,000 after buying an additional 3,357 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MNDY. Barclays raised their target price on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group upped their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a research note on Tuesday. Finally, Oppenheimer upped their price objective on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Stock Down 3.1 %

Shares of NASDAQ:MNDY opened at $317.73 on Thursday. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The business has a fifty day moving average of $251.81 and a two-hundred day moving average of $263.06. The stock has a market cap of $15.34 billion, a P/E ratio of 774.95, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. On average, equities analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.