TD Asset Management Inc Boosts Position in monday.com Ltd. $MNDY

TD Asset Management Inc boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,998 shares of the company’s stock after acquiring an additional 10,497 shares during the quarter. TD Asset Management Inc owned 0.21% of monday.com worth $15,936,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ibex Investors LLC purchased a new stake in monday.com during the third quarter valued at $34,864,000. Capital World Investors increased its position in monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after buying an additional 1,198,761 shares in the last quarter. AMS Capital Ltda purchased a new stake in monday.com in the fourth quarter worth about $4,055,000. Dorsal Capital Management LP raised its stake in shares of monday.com by 13.3% in the third quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock worth $82,318,000 after buying an additional 50,000 shares during the period. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of monday.com in the third quarter worth about $6,299,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

MNDY has been the topic of a number of analyst reports. Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Canaccord Genuity Group cut their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. BTIG Research cut their price objective on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of monday.com in a research note on Monday, February 9th. Finally, Cantor Fitzgerald cut their price objective on monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.48.

monday.com Trading Down 2.3%

Shares of monday.com stock opened at $83.76 on Tuesday. The stock has a 50 day moving average of $72.56 and a 200 day moving average of $100.47. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The firm has a market cap of $4.29 billion, a PE ratio of 36.42, a PEG ratio of 4.29 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The company had revenue of $351.27 million during the quarter. As a group, equities research analysts forecast that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

monday.com Company Profile

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.