monday.com Ltd. (NASDAQ:MNDY - Get Free Report) Director Aviad Eyal sold 2,000 shares of monday.com stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total transaction of $200,080.00. Following the transaction, the director owned 203,455 shares in the company, valued at $20,353,638.20. The trade was a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
monday.com Trading Up 6.7%
Shares of monday.com stock opened at $106.86 on Friday. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $210.49. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14. The company has a fifty day moving average price of $89.46 and a 200 day moving average price of $81.39.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The company had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. During the same period last year, the company posted $1.09 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. Analysts forecast that monday.com Ltd. will post 2.34 earnings per share for the current year.
Analyst Ratings Changes
MNDY has been the subject of a number of recent research reports. Barclays lowered monday.com from an "overweight" rating to an "equal weight" rating and set a $100.00 target price for the company. in a research note on Monday, October 12th. TD Cowen reiterated a "buy" rating and set a $110.00 target price on shares of monday.com in a report on Tuesday, August 11th. Zacks Research lowered monday.com from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 15th. BTIG Research reissued a "buy" rating and set a $105.00 price target on shares of monday.com in a research report on Monday, August 10th. Finally, UBS Group upped their price target on monday.com from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.70.
View Our Latest Research Report on monday.com
Institutional Investors Weigh In On monday.com
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in monday.com by 93.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company's stock worth $150,797,000 after buying an additional 1,052,900 shares in the last quarter. RPD Fund Management LLC purchased a new position in monday.com in the 1st quarter valued at about $17,529,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in monday.com in the 2nd quarter valued at about $5,098,000. Counterpoint Mutual Funds LLC grew its stake in shares of monday.com by 2,038.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 73,507 shares of the company's stock valued at $5,080,000 after acquiring an additional 70,069 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of monday.com by 33.6% during the first quarter. Bank of America Corp DE now owns 194,635 shares of the company's stock valued at $13,451,000 after acquiring an additional 49,002 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
About monday.com
(
Get Free Report)
monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.
The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.
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