monday.com Ltd. (NASDAQ:MNDY) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.24% of monday.com worth $27,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MNDY. Clearbridge Investments LLC increased its stake in monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after purchasing an additional 44 shares in the last quarter. Prudential Financial Inc. lifted its holdings in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after purchasing an additional 53 shares during the last quarter. Global Retirement Partners LLC lifted its holdings 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 last quarter. Venturi Wealth Management LLC lifted its holdings in monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after purchasing an additional 76 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in shares of monday.com by 16.0% during the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after buying an additional 83 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MNDY. JPMorgan Chase & Co. dropped their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price target on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Loop Capital reduced their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their price target on monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $346.50.

monday.com Stock Up 0.8%

Shares of MNDY traded up $2.45 during mid-day trading on Friday, reaching $295.64. The company had a trading volume of 768,586 shares, compared to its average volume of 750,959. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The stock has a market capitalization of $15.01 billion, a P/E ratio of 492.73, a PEG ratio of 16.53 and a beta of 1.32. The stock has a 50 day moving average of $265.78 and a two-hundred day moving average of $265.05.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the business posted $0.61 earnings per share. The business's quarterly revenue was up 30.2% compared to the same quarter last year. On average, sell-side 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.