Asset Management One Co. Ltd. Boosts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Asset Management One Co. Ltd. lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,018 shares of the company’s stock after buying an additional 148 shares during the period. Asset Management One Co. Ltd.’s holdings in monday.com were worth $3,036,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC grew its position in shares of 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 buying an additional 798,791 shares during the last quarter. Jennison Associates LLC grew its position in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after buying an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after buying an additional 14,304 shares during the last quarter. State Street Corp grew its position in shares of monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after buying an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of monday.com by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock valued at $150,079,000 after buying an additional 15,300 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Trading Down 4.3 %

Shares of MNDY opened at $308.27 on Thursday. The stock has a market cap of $14.88 billion, a P/E ratio of 513.78, a PEG ratio of 17.09 and a beta of 1.31. The company has a 50-day moving average of $255.03 and a two-hundred day moving average of $266.39. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital lowered their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Piper Sandler raised their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $353.32.

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.