Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,358 shares of the company's stock after purchasing an additional 1,450 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in monday.com were worth $4,558,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Keystone Investors PTE Ltd. bought a new position in shares of monday.com during the fourth quarter valued at about $2,161,000. TIAA Trust National Association bought a new position in monday.com during the 4th quarter worth approximately $11,893,000. Prudential Financial Inc. grew its position in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the last quarter. Vanguard Group Inc. increased its stake in monday.com by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 69,888 shares of the company's stock worth $16,454,000 after purchasing an additional 1,426 shares during the period. Finally, LPL Financial LLC lifted its position in monday.com by 10.2% in the fourth quarter. LPL Financial LLC now owns 17,405 shares of the company's stock valued at $4,098,000 after purchasing an additional 1,605 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Down 6.8 %

MNDY traded down $15.86 during midday trading on Friday, reaching $217.77. The company's stock had a trading volume of 1,708,715 shares, 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 stock's 50-day moving average is $272.65 and its 200-day moving average is $269.77. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 362.95, a PEG ratio of 16.53 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MNDY. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. William Blair reissued an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $352.64.

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.