Swiss National Bank Has $30.94 Million Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Swiss National Bank raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 111,400 shares of the company's stock after purchasing an additional 2,400 shares during the period. Swiss National Bank owned about 0.23% of monday.com worth $30,944,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of monday.com in the 3rd quarter worth about $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com during the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after buying an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in monday.com during the 2nd quarter worth approximately $69,000. Finally, Industrial Alliance Investment Management Inc. increased its holdings in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

Shares of MNDY traded up $12.98 during trading hours on Thursday, hitting $273.13. 251,643 shares of the company were exchanged, compared to its average volume of 722,956. The company has a market cap of $13.19 billion, a PE ratio of 634.51, a PEG ratio of 7.16 and a beta of 1.31. The firm's 50 day moving average is $281.22 and its 200-day moving average is $250.02. monday.com Ltd. has a 52 week low of $170.00 and a 52 week high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The firm's revenue was up 49.5% compared to the same quarter last year. As a group, equities analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNDY has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. DA Davidson restated a "neutral" rating and set a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Loop Capital lifted their target price on monday.com from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Piper Sandler lifted their target price on monday.com from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, UBS Group boosted their price objective on monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $310.81.

monday.com Company 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.