M&T Bank Corp trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 17.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,409 shares of the company's stock after selling 2,860 shares during the quarter. M&T Bank Corp's holdings in monday.com were worth $3,260,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC raised its holdings in shares of monday.com by 0.4% during the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after purchasing an additional 17,371 shares during the period. FMR LLC raised its holdings in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after purchasing an additional 1,189,858 shares during the period. Rubicon Global Capital Ltd acquired a new stake in shares of monday.com during the first quarter worth $137,434,000. CIBC Private Wealth Group LLC raised its holdings in shares of monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of monday.com by 23.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after acquiring an additional 96,222 shares during the period. 73.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on MNDY shares. Barclays dropped their price objective on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $325.00 price objective on shares of monday.com in a report on Friday, June 27th. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the stock an "overweight" rating in a report on Friday, June 13th. UBS Group dropped their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $349.23.
Check Out Our Latest Stock Analysis on MNDY
monday.com Price Performance
Shares of MNDY traded down $16.58 during mid-day trading on Friday, hitting $284.61. The company's stock had a trading volume of 674,212 shares, compared to its average volume of 738,401. The firm has a 50-day moving average price of $295.17 and a 200 day moving average price of $271.18. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 290.42, a PEG ratio of 108.98 and a beta of 1.30. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The business's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
About monday.com
(
Free Report)
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.
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