Mitsubishi UFJ Asset Management Co. Ltd. Purchases 4,700 Shares of monday.com Ltd. (NASDAQ:MNDY)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,820 shares of the company's stock after purchasing an additional 4,700 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in monday.com were worth $10,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNDY. Desjardins Global Asset Management Inc. increased its position in monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company's stock valued at $25,000 after acquiring an additional 91 shares during the period. Crewe Advisors LLC increased its holdings in shares of monday.com by 44.9% during the third quarter. Crewe Advisors LLC now owns 229 shares of the company's stock valued at $36,000 after purchasing an additional 71 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of monday.com during the third quarter valued at about $118,000. DekaBank Deutsche Girozentrale lifted its holdings in monday.com by 21.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company's stock worth $131,000 after purchasing an additional 145 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in monday.com by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company's stock valued at $151,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MNDY. JPMorgan Chase & Co. upped their price target on shares of monday.com from $230.00 to $270.00 and gave the stock an "overweight" rating in a research note on Monday, March 25th. Needham & Company LLC upped their target price on monday.com from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. KeyCorp lifted their price target on monday.com from $275.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday. Canaccord Genuity Group upped their price objective on monday.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Thursday. Finally, The Goldman Sachs Group lifted their target price on monday.com from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.50.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $0.43 during mid-day trading on Friday, hitting $228.83. The stock had a trading volume of 938,752 shares, compared to its average volume of 1,109,376. The company's 50 day moving average is $204.81 and its 200-day moving average is $196.48. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $239.22. The company has a market cap of $11.05 billion, a PE ratio of 602.20 and a beta of 1.24.

monday.com 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.