China Universal Asset Management Co. Ltd. Has $3.96 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

China Universal Asset Management Co. Ltd. grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 180.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,800 shares of the company’s stock after acquiring an additional 10,800 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in monday.com were worth $3,955,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC lifted its stake in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares during the period. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after purchasing an additional 313,279 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of monday.com during the 2nd quarter valued at about $28,747,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Capital One Financial assumed coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price on the stock. DA Davidson reissued a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research report on Tuesday, November 12th. Piper Sandler decreased their price objective on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Cantor Fitzgerald started coverage on shares of monday.com in a report on Friday, January 17th. They set an “overweight” rating and a $292.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $310.68.

monday.com Trading Up 5.6 %

MNDY stock opened at $255.46 on Friday. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 623.07, a price-to-earnings-growth ratio of 6.20 and a beta of 1.30. The company’s 50 day moving average is $252.58 and its 200 day moving average is $260.14.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

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.