Bank of New York Mellon Corp Has $60.14 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Bank of New York Mellon Corp lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,455 shares of the company’s stock after purchasing an additional 8,329 shares during the period. Bank of New York Mellon Corp owned approximately 0.53% of monday.com worth $60,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC raised its position in monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares during the period. SG Americas Securities LLC lifted its stake in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Jennison Associates LLC lifted its stake in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares in the last quarter. M&G PLC purchased a new stake in monday.com in the 3rd quarter worth about $9,921,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in monday.com by 27.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 151,800 shares of the company’s stock worth $42,165,000 after acquiring an additional 32,400 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MNDY shares. Jefferies Financial Group increased their price objective on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research note on Tuesday, February 11th. DA Davidson upped their target price on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler upped their target price on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Down 0.7 %

MNDY opened at $276.52 on Wednesday. The firm has a market capitalization of $13.35 billion, a P/E ratio of 460.87, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31. The stock’s 50 day moving average price is $263.27 and its two-hundred day moving average price is $270.33. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, analysts anticipate 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.