TD Asset Management Inc Buys 10,497 Shares of monday.com Ltd. $MNDY

TD Asset Management Inc grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,998 shares of the company’s stock after purchasing an additional 10,497 shares during the period. TD Asset Management Inc’s holdings in monday.com were worth $15,936,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ibex Investors LLC bought a new stake in shares of monday.com in the 3rd quarter valued at approximately $34,864,000. Capital World Investors lifted its stake in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after purchasing an additional 1,198,761 shares during the last quarter. AMS Capital Ltda bought a new stake in shares of monday.com in the 4th quarter valued at approximately $4,055,000. Dorsal Capital Management LP lifted its stake in shares of monday.com by 13.3% in the 3rd quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock valued at $82,318,000 after purchasing an additional 50,000 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new stake in shares of monday.com in the 3rd quarter valued at approximately $6,299,000. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MNDY shares. DA Davidson set a $100.00 price objective on monday.com in a research note on Tuesday, February 10th. UBS Group lowered their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Zacks Research lowered monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Tigress Financial lowered their price objective on monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Citigroup reduced their price target on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Stock Down 2.3%

MNDY opened at $83.76 on Tuesday. The stock’s fifty day moving average is $72.56 and its two-hundred day moving average is $100.47. The company has a market capitalization of $4.29 billion, a P/E ratio of 36.42, a PEG ratio of 4.29 and a beta of 1.24. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.27 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Equities analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current year.

About monday.com

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.