Principal Financial Group Inc. Has $359,000 Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Principal Financial Group Inc. raised its stake in monday.com Ltd. (NASDAQ:MNDYFree Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914 shares of the company’s stock after acquiring an additional 232 shares during the quarter. Principal Financial Group Inc.’s holdings in monday.com were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in monday.com by 24.1% in the 3rd quarter. Barclays PLC now owns 16,784 shares of the company’s stock worth $2,672,000 after purchasing an additional 3,262 shares during the last quarter. Boston Partners increased its stake in shares of monday.com by 22.9% in the 3rd quarter. Boston Partners now owns 11,340 shares of the company’s stock valued at $1,806,000 after buying an additional 2,112 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of monday.com by 44.3% during the third quarter. Oppenheimer & Co. Inc. now owns 2,246 shares of the company’s stock worth $358,000 after acquiring an additional 689 shares during the last quarter. Swiss National Bank boosted its holdings in monday.com by 2.6% in the third quarter. Swiss National Bank now owns 70,300 shares of the company’s stock valued at $11,193,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in monday.com by 6.8% in the third quarter. Van ECK Associates Corp now owns 8,468 shares of the company’s stock worth $1,348,000 after purchasing an additional 538 shares during the period. 73.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of monday.com from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Bank of America assumed coverage on monday.com in a research report on Monday, February 26th. They issued a “buy” rating and a $280.00 price target on the stock. Tigress Financial upped their price objective on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $270.00 target price (up previously from $250.00) on shares of monday.com in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

View Our Latest Stock Report on monday.com

monday.com Trading Down 1.0 %

MNDY opened at $213.88 on Wednesday. The stock has a market capitalization of $10.33 billion, a P/E ratio of 562.86 and a beta of 1.30. monday.com Ltd. has a 12 month low of $122.13 and a 12 month high of $249.00. The firm’s fifty day simple moving average is $207.29 and its 200 day simple moving average is $203.76.

About monday.com

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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