monday.com (NASDAQ:MNDY) Stock: Insider Aviad Eyal Sells 2,000 Shares

Key Points

• Director Aviad Eyal sold 2,000 monday.com shares at an average price of $100.04, generating $200,080. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 0.97%.
• monday.com shares rose 6.7% to $106.86, while the company’s latest quarterly results beat expectations: earnings per share came in at $1.48 versus the $1.11 consensus, and revenue increased 21.9% year over year to $364.62 million.
• Analysts maintain a consensus “Hold” rating, with a target price of $111.70. Institutional investors own 73.7% of the company’s shares.

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) Director Aviad Eyal sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total value of $200,080.00. Following the transaction, the director owned 203,455 shares of the company's stock, valued at approximately $20,353,638.20. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

monday.com Trading Up 6.7%

monday.com stock traded up $6.71 during midday trading on Thursday, hitting $106.86. The stock had a trading volume of 1,714,235 shares, compared to its average volume of 1,791,899. The firm's fifty day moving average is $89.21 and its two-hundred day moving average is $81.11. The company has a market capitalization of $5.47 billion, a PE ratio of 45.47, a P/E/G ratio of 2.28 and a beta of 1.14. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $210.49.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.37. The business had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, equities research analysts predict that monday.com Ltd. will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a $95.00 price objective on shares of monday.com in a research note on Monday, August 10th. Weiss Ratings upgraded monday.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 15th. BTIG Research reaffirmed a "buy" rating and set a $105.00 price objective on shares of monday.com in a report on Monday, August 10th. Capital One Financial lowered shares of monday.com from an "overweight" rating to an "equal weight" rating and set a $95.00 price objective for the company. in a report on Monday, August 10th. Finally, Zacks Research cut shares of monday.com from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $111.70.

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently bought and sold shares of MNDY. Quadrant Capital Group LLC bought a new position in monday.com during the third quarter valued at $235,000. Sequoia Financial Advisors LLC increased its holdings in shares of monday.com by 60.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,312 shares of the company's stock worth $457,000 after buying an additional 2,373 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of monday.com by 29.5% in the 2nd quarter. Engineers Gate Manager LP now owns 38,981 shares of the company's stock worth $2,822,000 after buying an additional 8,891 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of monday.com during the 2nd quarter valued at about $5,098,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of monday.com during the 2nd quarter valued at about $970,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.

The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.

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