Swiss National Bank Buys 35,400 Shares of monday.com Ltd. $MNDY

Key Points

• Swiss National Bank increased its monday.com stake by 28.6% in the first quarter, purchasing 35,400 additional shares for a total of 159,100 shares valued at approximately $11.0 million. Institutional investors and hedge funds collectively own 73.7% of the company.
• Analysts maintain a generally positive outlook, with 17 Buy, seven Hold and one Sell rating. monday.com has a “Moderate Buy” consensus rating and an average price target of $126.04.
• monday.com shares opened at $77.43, well below their 52-week high of $295.00. The company recently reported quarterly revenue of $351.26 million and earnings of $1.15 per share.

Swiss National Bank boosted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,100 shares of the company's stock after purchasing an additional 35,400 shares during the quarter. Swiss National Bank owned about 0.31% of monday.com worth $10,995,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. AMS Capital Ltda acquired a new stake in shares of monday.com in the 4th quarter valued at about $4,055,000. Migdal Insurance & Financial Holdings Ltd. increased its position in monday.com by 75.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company's stock valued at $20,512,000 after buying an additional 60,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in monday.com in the 4th quarter valued at about $6,200,000. NewEdge Wealth LLC acquired a new position in monday.com during the 4th quarter worth approximately $5,635,000. Finally, Coronation Fund Managers Ltd. raised its stake in monday.com by 43.5% during the 4th quarter. Coronation Fund Managers Ltd. now owns 138,085 shares of the company's stock worth $20,376,000 after buying an additional 41,871 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research reports. Tigress Financial reduced their price objective on monday.com to $165.00 and set a "buy" rating for the company in a research note on Friday, May 22nd. TD Cowen upped their target price on monday.com from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of monday.com in a research report on Thursday, June 11th. Piper Sandler increased their target price on monday.com from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Finally, Guggenheim set a $130.00 price target on shares of monday.com and gave the company a "buy" rating in a research report on Thursday, April 9th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, monday.com has an average rating of "Moderate Buy" and an average price target of $126.04.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $77.43 on Monday. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.88 and a beta of 1.26. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $295.00. The firm's 50-day simple moving average is $78.63 and its 200 day simple moving average is $83.16.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. The firm had revenue of $351.26 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. On average, sell-side analysts predict that monday.com Ltd. will post 1.59 EPS for the current year.

monday.com Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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