monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 579.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,683 shares of the company’s stock after purchasing an additional 6,552 shares during the quarter. Janus Henderson Group PLC’s holdings in monday.com were worth $2,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com in the 3rd quarter valued at approximately $43,000. Ridgewood Investments LLC acquired a new position in monday.com in the second quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the last quarter. Toronto Dominion Bank acquired a new position in monday.com in the second quarter valued at approximately $120,000. Finally, Larson Financial Group LLC lifted its holdings in monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after acquiring an additional 523 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

NASDAQ:MNDY opened at $282.04 on Friday. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 687.90, a price-to-earnings-growth ratio of 8.28 and a beta of 1.25. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99. The firm’s fifty day moving average price is $285.90 and its 200 day moving average price is $257.91.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business’s revenue was up 49.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. As a group, analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNDY. Wells Fargo & Company upped their price objective on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Oppenheimer upped their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Loop Capital upped their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. TD Cowen increased their price objective on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Tigress Financial increased their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.81.

About monday.com

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.