UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,437 shares of the company's stock after buying an additional 10,285 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of monday.com worth $29,009,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MNDY. FMR LLC increased its holdings in monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock valued at $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC boosted its position in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after buying an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock valued at $107,176,000 after buying an additional 313,279 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock valued at $270,299,000 after buying an additional 188,800 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in monday.com by 171.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company's stock worth $65,938,000 after acquiring an additional 172,919 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Citigroup raised their price objective on shares of monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Piper Sandler increased their price objective on monday.com from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Bank of America boosted their target price on monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Finally, Tigress Financial upped their price target on monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $310.81.
Check Out Our Latest Analysis on MNDY
monday.com Price Performance
Shares of MNDY stock traded down $7.78 during trading hours on Thursday, reaching $285.02. 572,407 shares of the company's stock were exchanged, compared to its average volume of 728,569. The company's 50 day moving average is $284.51 and its two-hundred day moving average is $256.19. The company has a market cap of $13.76 billion, a P/E ratio of 695.17, a price-to-earnings-growth ratio of 7.82 and a beta of 1.25. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. monday.com's revenue was up 49.5% compared to the same quarter last year. As a group, analysts predict that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
About monday.com
(
Free Report)
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.
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