Allspring Global Investments Holdings LLC Sells 75,884 Shares of monday.com Ltd. $MNDY

Allspring Global Investments Holdings LLC decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 20.0% during the 2nd quarter, Holdings Channel reports. The firm owned 304,304 shares of the company’s stock after selling 75,884 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in monday.com were worth $92,435,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com in the 1st quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of monday.com in the 1st quarter worth about $25,000. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Grove Bank & Trust bought a new stake in shares of monday.com in the 1st quarter worth about $30,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 0.3%

monday.com stock opened at $185.65 on Tuesday. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64. The company has a market cap of $9.43 billion, a PE ratio of 250.88, a PEG ratio of 8.74 and a beta of 1.24. The company’s 50-day moving average is $193.58 and its two-hundred day moving average is $249.53.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MNDY shares. Cantor Fitzgerald lowered their target price on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. Citigroup increased their price objective on shares of monday.com from $326.00 to $332.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Wells Fargo & Company began coverage on shares of monday.com in a report on Tuesday, September 30th. They set an “overweight” rating and a $260.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Finally, Bank of America reissued a “neutral” rating and set a $205.00 price objective (down previously from $240.00) on shares of monday.com in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $290.81.

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.