UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in monday.com Ltd. (NASDAQ:MNDY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,436 shares of the company's stock after purchasing an additional 12,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of monday.com worth $27,649,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Jennison Associates LLC grew its position in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after purchasing an additional 100,333 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after purchasing an additional 403,255 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of monday.com by 23.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after purchasing an additional 96,222 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of monday.com during the 4th quarter worth $116,686,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Down 1.3%

Shares of NASDAQ:MNDY traded down $4.01 during midday trading on Thursday, hitting $293.19. 461,321 shares of the stock traded hands, compared to its average volume of 756,576. The stock has a market capitalization of $14.89 billion, a PE ratio of 488.65, a P/E/G ratio of 16.53 and a beta of 1.32. The business's 50 day moving average is $265.08 and its two-hundred day moving average is $264.72. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.70 by $0.40. The firm had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

MNDY has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on shares of monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Tigress Financial lifted their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. UBS Group dropped their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen raised shares of monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $346.50.

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.