China Universal Asset Management Co. Ltd. Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

China Universal Asset Management Co. Ltd. acquired a new stake in monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,000 shares of the company’s stock, valued at approximately $1,667,000.

A number of other large investors have also bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the third quarter valued at approximately $43,000. Ridgewood Investments LLC acquired a new position in monday.com in the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC increased its holdings in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com in the 2nd quarter valued at about $69,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

Shares of monday.com stock opened at $297.35 on Tuesday. The business has a fifty day simple moving average of $271.32 and a two-hundred day simple moving average of $238.61. monday.com Ltd. has a 1 year low of $125.00 and a 1 year high of $302.57. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 782.50, a P/E/G ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.23. The company 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%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MNDY shares. Wolfe Research began coverage on monday.com in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 target price on the stock. UBS Group lifted their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. The Goldman Sachs Group increased their target price on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Canaccord Genuity Group lifted their price target on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Citigroup increased their price objective on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.35.

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.