Vontobel Holding Ltd. Makes New Investment in monday.com Ltd. (NASDAQ:MNDY)

Vontobel Holding Ltd. acquired a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 908 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds have also recently added to or reduced their stakes in MNDY. Asset Management One Co. Ltd. boosted its position in monday.com by 109.2% during the first quarter. Asset Management One Co. Ltd. now owns 27,231 shares of the company's stock worth $6,647,000 after purchasing an additional 14,213 shares during the period. Bank of Montreal Can lifted its position in monday.com by 62.0% in the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the period. Rubicon Global Capital Ltd bought a new position in shares of monday.com during the first quarter valued at $137,434,000. Twinbeech Capital LP bought a new position in shares of monday.com during the fourth quarter valued at $12,146,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of monday.com during the fourth quarter valued at $9,629,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

Shares of monday.com stock traded down $16.58 during trading on Friday, hitting $284.61. 674,212 shares of the company were exchanged, compared to its average volume of 739,323. The firm's fifty day moving average price is $295.17 and its 200 day moving average price is $271.18. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The firm has a market capitalization of $14.45 billion, a P/E ratio of 189.74, a price-to-earnings-growth ratio of 102.98 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same period in the previous year, the firm earned $0.61 EPS. monday.com's quarterly revenue was up 30.2% compared to the same quarter last year. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group cut their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Morgan Stanley assumed coverage on monday.com in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 target price for the company. Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays lowered their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company set a $365.00 target price on monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.23.

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.