Clearbridge Investments LLC Has $27.69 Million Holdings in monday.com Ltd. $MNDY

Clearbridge Investments LLC lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,671 shares of the company’s stock after selling 55,437 shares during the period. Clearbridge Investments LLC owned about 0.37% of monday.com worth $27,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital World Investors increased its holdings in shares of monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after purchasing an additional 1,569,198 shares during the period. SG Americas Securities LLC increased its holdings in shares of monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the period. Baillie Gifford & Co. increased its holdings in shares of monday.com by 2.2% in the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock valued at $106,783,000 after purchasing an additional 15,377 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of monday.com by 7.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock valued at $134,289,000 after purchasing an additional 46,999 shares during the period. Finally, State Street Corp increased its holdings in shares of monday.com by 5.4% in the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after purchasing an additional 33,963 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MNDY shares. Wells Fargo & Company dropped their target price on monday.com from $200.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Piper Sandler upped their target price on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Barclays upped their target price on monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. DA Davidson set a $100.00 target price on monday.com in a report on Tuesday, February 10th. Finally, Wall Street Zen cut monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $126.48.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $83.23 on Wednesday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 4.19 and a beta of 1.24. The business has a 50 day simple moving average of $72.90 and a 200 day simple moving average of $100.00. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The business had revenue of $351.27 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. On average, analysts predict that monday.com Ltd. will post 1.59 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.