M&T Bank Corp Sells 7,609 Shares of monday.com Ltd. $MNDY

M&T Bank Corp reduced its holdings in shares of monday.com Ltd. (NASDAQ:MNDYFree Report) by 62.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,624 shares of the company’s stock after selling 7,609 shares during the quarter. M&T Bank Corp’s holdings in monday.com were worth $682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in monday.com by 75.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock valued at $20,512,000 after purchasing an additional 60,000 shares during the last quarter. Evergreen Capital Management LLC bought a new position in monday.com in the fourth quarter valued at about $300,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in monday.com by 53.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,805 shares of the company’s stock valued at $4,250,000 after purchasing an additional 10,020 shares during the last quarter. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. bought a new position in monday.com in the fourth quarter valued at about $1,599,000. Finally, Chicago Capital LLC raised its position in monday.com by 61.6% in the fourth quarter. Chicago Capital LLC now owns 3,886 shares of the company’s stock valued at $573,000 after purchasing an additional 1,481 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

Shares of MNDY opened at $72.74 on Friday. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17. The business has a 50-day moving average of $70.42 and a 200-day moving average of $119.77.

monday.com (NASDAQ:MNDYGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that monday.com Ltd. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on MNDY shares. KeyCorp dropped their target price on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. DA Davidson set a $100.00 target price on monday.com in a research report on Tuesday, February 10th. Citigroup dropped their target price on monday.com from $230.00 to $176.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Barclays dropped their target price on monday.com from $115.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Finally, Bank of America dropped their target price on monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $144.09.

Check Out Our Latest Stock Analysis on MNDY

Key monday.com News

Here are the key news stories impacting monday.com this week:

monday.com Company Profile

(Free Report)

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

Further Reading

Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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