Allspring Global Investments Holdings LLC Buys 591 Shares of monday.com Ltd. (NASDAQ:MNDY)

Allspring Global Investments Holdings LLC grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 80.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,330 shares of the company’s stock after purchasing an additional 591 shares during the period. Allspring Global Investments Holdings LLC’s holdings in monday.com were worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC lifted its position in monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the last quarter. Arlington Partners LLC lifted its holdings in shares of monday.com by 104.1% in the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock worth $39,000 after acquiring an additional 126 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of monday.com during the 3rd quarter worth about $48,000. Sandy Spring Bank bought a new position in monday.com during the 3rd quarter valued at about $72,000. Finally, BluePath Capital Management LLC purchased a new stake in monday.com in the 3rd quarter worth about $116,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of several recent analyst reports. Canaccord Genuity Group dropped their target price on monday.com from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Oppenheimer lifted their target price on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Bank of America initiated coverage on shares of monday.com in a report on Monday, February 26th. They issued a “buy” rating and a $280.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of monday.com in a report on Tuesday, April 9th. They set an “overweight” rating and a $260.00 price objective for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $190.00 price objective on shares of monday.com in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.00.

monday.com Stock Up 2.8 %

Shares of MNDY stock opened at $190.40 on Friday. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -2,720.00 and a beta of 1.18. monday.com Ltd. has a 52-week low of $108.35 and a 52-week high of $239.22. The company’s 50 day moving average is $212.20 and its 200 day moving average is $189.94.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The business’s revenue was up 35.5% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS. Analysts anticipate that monday.com Ltd. will post -0.16 EPS 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.