Nuveen Asset Management LLC Acquires 6,485 Shares of monday.com Ltd. (NASDAQ:MNDY)

Nuveen Asset Management LLC boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,338 shares of the company’s stock after purchasing an additional 6,485 shares during the quarter. Nuveen Asset Management LLC owned about 0.21% of monday.com worth $23,859,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after buying an additional 1,189,858 shares during the last quarter. Jennison Associates LLC boosted its holdings in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after acquiring an additional 100,333 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company’s stock valued at $117,708,000 after acquiring an additional 96,222 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of monday.com in the 4th quarter worth about $116,686,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNDY. Piper Sandler increased their price objective on shares of monday.com from $305.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of monday.com in a research report on Tuesday, May 13th. Barclays cut their price objective on shares of monday.com from $360.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. UBS Group cut their target price on monday.com from $350.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Finally, Robert W. Baird increased their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $346.50.

monday.com Trading Down 0.8%

MNDY opened at $289.69 on Friday. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 482.82, a PEG ratio of 16.53 and a beta of 1.32. The company’s 50 day moving average is $262.61 and its 200 day moving average is $265.28. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm’s revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com Company Profile

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.