Swiss National Bank Reduces Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Swiss National Bank trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 103,400 shares of the company's stock after selling 8,000 shares during the period. Swiss National Bank owned approximately 0.21% of monday.com worth $24,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC purchased a new stake in monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of monday.com during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Finally, Cromwell Holdings LLC raised its holdings in monday.com by 372.7% in the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company's stock worth $37,000 after acquiring an additional 123 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

NASDAQ:MNDY traded up $0.89 during trading hours on Friday, reaching $265.45. The stock had a trading volume of 580,708 shares, compared to its average volume of 765,248. The stock has a market capitalization of $12.82 billion, a PE ratio of 442.42, a PEG ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a 50 day moving average price of $268.63 and a two-hundred day moving average price of $269.50.

Remove Ads

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their target price on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Canaccord Genuity Group raised their target price on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Scotiabank cut their price target on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday. Finally, Piper Sandler raised their price objective on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $354.45.

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.