monday.com Ltd. $MNDY Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 95.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,714 shares of the company’s stock after purchasing an additional 20,414 shares during the quarter. Thornburg Investment Management Inc. owned 0.08% of monday.com worth $6,155,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MNDY. Capital World Investors raised its holdings in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the period. Norges Bank purchased a new stake in monday.com during the 4th quarter worth approximately $79,789,000. SG Americas Securities LLC increased its stake in monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after buying an additional 490,491 shares in the last quarter. Marshall Wace LLP increased its stake in monday.com by 294.0% during the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after buying an additional 302,961 shares in the last quarter. Finally, Amundi increased its stake in monday.com by 104.2% during the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after buying an additional 261,000 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNDY. Weiss Ratings reiterated a “sell (d+)” rating on shares of monday.com in a research note on Thursday. Tigress Financial cut their price objective on monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Oppenheimer set a $115.00 price objective on monday.com in a research note on Monday, May 11th. Finally, TD Cowen boosted their price objective on monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Price Performance

MNDY stock opened at $77.57 on Monday. The business has a 50 day simple moving average of $73.57 and a 200-day simple moving average of $98.61. The firm has a market capitalization of $3.97 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.88 and a beta of 1.24. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (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, equities research analysts expect that monday.com Ltd. will post 1.59 EPS 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.