Allspring Global Investments Holdings LLC Invests $6.20 Million in monday.com Ltd. $MNDY

Allspring Global Investments Holdings LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 43,229 shares of the company’s stock, valued at approximately $6,200,000. Allspring Global Investments Holdings LLC owned approximately 0.09% of monday.com as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MNDY. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of monday.com by 75.3% during the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after buying an additional 1,801 shares in the last quarter. Invesco Ltd. boosted its position in shares of monday.com by 493.8% during the 2nd quarter. Invesco Ltd. now owns 193,085 shares of the company’s stock valued at $60,721,000 after acquiring an additional 160,567 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after acquiring an additional 65 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of monday.com by 34.0% during the 2nd quarter. Baird Financial Group Inc. now owns 15,672 shares of the company’s stock valued at $4,929,000 after acquiring an additional 3,977 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MNDY shares. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Wells Fargo & Company lowered their price target on shares of monday.com from $200.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Citigroup lowered their price target on shares of monday.com from $230.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Wolfe Research reissued an “outperform” rating and set a $95.00 price target on shares of monday.com in a research report on Monday, February 9th. Finally, KeyCorp lowered their price target on shares of monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Nineteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.38.

monday.com Stock Performance

Shares of MNDY opened at $67.70 on Tuesday. The stock has a market capitalization of $3.46 billion, a PE ratio of 30.09, a P/E/G ratio of 1.26 and a beta of 1.29. monday.com Ltd. has a 1 year low of $66.18 and a 1 year high of $316.98. The company’s 50-day simple moving average is $80.07 and its 200-day simple moving average is $135.28.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $333.88 million for the quarter, compared to analysts’ expectations of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.