Voya Investment Management LLC Reduces Position in monday.com Ltd. (NASDAQ:MNDY)

Voya Investment Management LLC lowered its holdings in monday.com Ltd. (NASDAQ:MNDY) by 74.0% in the fourth quarter, according to 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 period. Voya Investment Management LLC owned about 0.66% of monday.com worth $74,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MNDY. Barclays PLC grew its position in shares of monday.com by 225.8% during the third quarter. Barclays PLC now owns 17,427 shares of the company’s stock worth $4,840,000 after buying an additional 12,078 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of monday.com in the 3rd quarter valued at about $469,000. American Trust acquired a new position in monday.com in the third quarter worth about $204,000. Principal Financial Group Inc. increased its holdings in monday.com by 35.8% in the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock valued at $14,807,000 after buying an additional 14,059 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in monday.com by 17.2% during the fourth quarter. CWA Asset Management Group LLC now owns 3,199 shares of the company’s stock valued at $753,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Trading Up 7.1 %

Shares of NASDAQ MNDY opened at $265.68 on Friday. The firm has a 50-day moving average of $260.51 and a two-hundred day moving average of $266.26. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 442.80, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a twelve month low of $179.02 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MNDY. Needham & Company LLC upped their price target on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. Jefferies Financial Group decreased their target price on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group increased their price target on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price objective on monday.com from $385.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $343.09.

monday.com Profile

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.