United Advisor Group LLC Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

United Advisor Group LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 750 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also modified their holdings of the company. Clearbridge Investments LLC grew its holdings in monday.com by 2,851.5% in the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after purchasing an additional 332,852 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 shares in the last quarter. Renaissance Technologies LLC boosted its position in monday.com by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of monday.com by 171.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock worth $65,938,000 after buying an additional 172,919 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of monday.com by 34.4% in the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock valued at $160,707,000 after purchasing an additional 170,800 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY stock opened at $316.03 on Thursday. The firm has a market cap of $15.26 billion, a P/E ratio of 395.04, a PEG ratio of 13.88 and a beta of 1.31. The stock’s 50 day moving average price is $275.43 and its 200 day moving average price is $243.37. monday.com Ltd. has a 1 year low of $133.20 and a 1 year high of $316.39.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. On average, research analysts predict that monday.com Ltd. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on MNDY. Piper Sandler increased their price objective on shares of monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Robert W. Baird increased their price objective on shares of monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. TD Cowen boosted their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. The Goldman Sachs Group increased their price objective on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Tigress Financial lifted their price target on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $306.10.

About monday.com

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.