Northwestern Mutual Wealth Management Co. Grows Stock Holdings in monday.com Ltd. $MNDY

Northwestern Mutual Wealth Management Co. increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 874.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,328 shares of the company’s stock after acquiring an additional 12,858 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in monday.com were worth $2,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its holdings in monday.com by 20.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 378,078 shares of the company’s stock worth $55,780,000 after buying an additional 64,966 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in monday.com during the fourth quarter worth about $457,000. Argos Wealth Advisors LLC purchased a new stake in monday.com during the fourth quarter worth about $207,000. Pier 88 Investment Partners LLC boosted its holdings in monday.com by 15.6% during the fourth quarter. Pier 88 Investment Partners LLC now owns 5,260 shares of the company’s stock worth $776,000 after buying an additional 710 shares in the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in monday.com by 127.6% during the fourth quarter. Plato Investment Management Ltd now owns 5,142 shares of the company’s stock worth $762,000 after buying an additional 2,883 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $76.83 on Wednesday. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $316.98. The company has a market capitalization of $3.93 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 3.43 and a beta of 1.17. The firm’s 50-day moving average is $70.39 and its two-hundred day moving average is $105.53.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The company had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. On average, analysts forecast that monday.com Ltd. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a report on Sunday. KeyCorp reduced their price target on shares of monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price target on shares of monday.com in a report on Monday, February 9th. Bank of America reduced their price target on shares of monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Cantor Fitzgerald reduced their price target on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

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.