Voya Investment Management LLC Sells 899,366 Shares of monday.com Ltd. (NASDAQ:MNDY)

Voya Investment Management LLC lessened its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,644 shares of the company's stock after selling 899,366 shares during the quarter. Voya Investment Management LLC owned 0.66% of monday.com worth $74,551,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after purchasing an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com during the fourth quarter valued at approximately $245,000. Bank of Montreal Can raised its position in monday.com by 62.0% in the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after acquiring an additional 8,454 shares during the period. Bailard Inc. boosted its stake in shares of monday.com by 147.5% during the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after acquiring an additional 8,329 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MNDY. Barclays lifted their target price on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Jefferies Financial Group lowered their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. UBS Group reduced their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $344.45.

monday.com Trading Down 1.0 %

Shares of MNDY stock traded down $2.77 during trading hours on Wednesday, reaching $273.53. 131,844 shares of the stock were exchanged, compared to its average volume of 800,639. monday.com Ltd. has a 12-month low of $179.02 and a 12-month high of $342.64. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 455.88, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The company's 50-day moving average price is $258.24 and its 200-day moving average price is $266.00.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS 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.