Mitsubishi UFJ Asset Management Co. Ltd. Buys 6,514 Shares of monday.com Ltd. $MNDY

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,742 shares of the company’s stock after buying an additional 6,514 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in monday.com were worth $25,706,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rubicon Global Capital Ltd boosted its holdings in monday.com by 155.3% during the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after acquiring an additional 877,700 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after purchasing an additional 851,231 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in monday.com by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after purchasing an additional 745,686 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in monday.com in the 1st quarter worth about $115,744,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after buying an additional 458,794 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Down 0.6%

monday.com stock opened at $165.18 on Wednesday. monday.com Ltd. has a 1-year low of $151.00 and a 1-year high of $342.64. The firm has a market capitalization of $8.39 billion, a PE ratio of 134.29, a price-to-earnings-growth ratio of 7.85 and a beta of 1.24. The firm’s 50 day simple moving average is $192.10 and its 200 day simple moving average is $241.55.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 6.21%. The company had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. During the same period in the prior year, the business earned $0.85 earnings per share. monday.com’s revenue for the quarter was up 26.3% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MNDY. TD Cowen cut their target price on monday.com from $360.00 to $290.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley reduced their price objective on monday.com from $260.00 to $236.00 and set an “overweight” rating for the company in a research note on Tuesday. Oppenheimer assumed coverage on monday.com in a research report on Wednesday, August 27th. They set an “outperform” rating and a $300.00 target price for the company. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Cowen restated a “buy” rating on shares of monday.com in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.19.

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.