Legal & General Group Plc Has $21.90 Million Position in monday.com Ltd. $MNDY

Legal & General Group Plc raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,417 shares of the company’s stock after buying an additional 22,904 shares during the quarter. Legal & General Group Plc owned about 0.29% of monday.com worth $21,900,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MNDY. NewEdge Advisors LLC grew its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the period. American Century Companies Inc. grew its position in shares of monday.com by 75.3% during the 2nd 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 during the period. EverSource Wealth Advisors LLC grew 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 worth $47,000 after buying an additional 65 shares during the period. Cerity Partners LLC grew its position in shares of monday.com by 28.8% during the 2nd quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock worth $816,000 after buying an additional 580 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of monday.com in the 2nd quarter valued at approximately $398,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MNDY. Barclays boosted their price objective on monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Tigress Financial decreased their price objective on monday.com to $165.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Zacks Research lowered monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. UBS Group decreased their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $90.00 price objective (down from $175.00) on shares of monday.com in a research report on Tuesday, February 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Stock Performance

NASDAQ MNDY opened at $83.62 on Monday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 4.58 and a beta of 1.24. The stock’s 50 day moving average price is $70.67 and its two-hundred day moving average price is $103.42. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The firm had revenue of $351.27 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. On average, equities research analysts forecast that monday.com Ltd. will post 1.45 EPS for the current year.

monday.com Company Profile

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.