Mitsubishi UFJ Asset Management Co. Ltd. Buys 3,458 Shares of monday.com Ltd. (NASDAQ:MNDY)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,294 shares of the company's stock after buying an additional 3,458 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of monday.com worth $17,713,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter worth about $33,000. Signaturefd LLC lifted its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the period. Institutional investors own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MNDY shares. Jefferies Financial Group dropped their price target on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday. William Blair reaffirmed an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Robert W. Baird increased their price target on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Barclays upped their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $352.64.

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monday.com Stock Down 6.8 %

monday.com stock traded down $15.86 during mid-day trading on Friday, hitting $217.77. 1,708,715 shares of the company were exchanged, compared to its average volume of 801,734. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market capitalization of $11.06 billion, a PE ratio of 362.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business has a fifty day moving average of $272.65 and a 200 day moving average of $269.77.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current 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.