Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,534 shares of the company's stock after purchasing an additional 1,296 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in monday.com were worth $3,657,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in shares of monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after acquiring an additional 798,791 shares during the last quarter. Jennison Associates LLC increased its stake in monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after purchasing an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company's stock worth $166,767,000 after buying an additional 14,304 shares during the period. State Street Corp lifted its stake in monday.com by 3.8% during the third quarter. State Street Corp now owns 587,879 shares of the company's stock valued at $163,295,000 after buying an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company's stock worth $150,079,000 after buying an additional 15,300 shares during the period. Institutional investors own 73.70% of the company's stock.
monday.com Stock Performance
Shares of monday.com stock traded up $5.33 during trading on Wednesday, reaching $262.56. The company's stock had a trading volume of 466,235 shares, compared to its average volume of 767,310. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 437.60, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business's fifty day moving average price is $267.18 and its 200-day moving average price is $269.58.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS 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%. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on MNDY. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Jefferies Financial Group boosted their target price on shares of monday.com from $300.00 to $400.00 and gave the company a "buy" 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 target price for the company in a research report on Tuesday, February 11th. Barclays upped their price target on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, DA Davidson upgraded monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price objective for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $354.45.
Check Out Our Latest Stock Report on MNDY
monday.com Company Profile
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Free Report)
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.
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