monday.com Ltd. (NASDAQ:MNDY) Stake Lifted by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 80.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,865 shares of the company's stock after acquiring an additional 39,040 shares during the period. TD Asset Management Inc owned 0.17% of monday.com worth $21,365,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WCM Investment Management LLC boosted its stake in shares of monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock valued at $1,007,550,000 after purchasing an additional 17,371 shares during the period. FMR LLC grew its holdings in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after acquiring an additional 1,189,858 shares in the last quarter. Rubicon Global Capital Ltd acquired a new position in monday.com during the 1st quarter worth approximately $137,434,000. Norges Bank acquired a new position in monday.com during the 4th quarter worth approximately $116,686,000. Finally, T. Rowe Price Investment Management Inc. acquired a new position in monday.com during the 4th quarter worth approximately $109,605,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MNDY shares. Needham & Company LLC restated a "buy" rating and issued a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Morgan Stanley assumed coverage on monday.com in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price target on the stock. Scotiabank lifted their price target on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Loop Capital cut their price target on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus target price of $349.23.

monday.com Stock Performance

Shares of MNDY stock traded down $11.75 during trading hours on Friday, reaching $250.54. The company had a trading volume of 1,190,288 shares, compared to its average volume of 433,095. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The stock's fifty day simple moving average is $294.10 and its 200 day simple moving average is $276.69. The company has a market capitalization of $12.72 billion, a P/E ratio of 255.65, a price-to-earnings-growth ratio of 94.91 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. monday.com's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, equities analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.