Voya Investment Management LLC Has $74.55 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Voya Investment Management LLC decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 74.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,644 shares of the company's stock after selling 899,366 shares during the period. Voya Investment Management LLC owned 0.66% of monday.com worth $74,551,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after purchasing an additional 44 shares in the last quarter. Prudential Financial Inc. boosted its position in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock worth $253,000 after purchasing an additional 76 shares in the last quarter. Finally, Vestcor Inc lifted its position in shares of monday.com by 16.0% in the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MNDY. Wells Fargo & Company cut their price target on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a report on Tuesday, February 11th. Tigress Financial raised their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Needham & Company LLC boosted their price target on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $343.09.

monday.com Trading Up 0.2 %

MNDY stock traded up $0.56 during trading hours on Monday, hitting $274.56. 613,717 shares of the stock were exchanged, compared to its average volume of 804,053. monday.com Ltd. has a 12 month low of $179.02 and a 12 month high of $342.64. The firm has a market capitalization of $13.94 billion, a P/E ratio of 457.60, a P/E/G ratio of 16.53 and a beta of 1.34. The company has a 50-day simple moving average of $259.55 and a two-hundred day simple moving average of $266.03.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS 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%. On average, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

About monday.com

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.