Swiss National Bank Has $15.59 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Swiss National Bank boosted its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,000 shares of the company's stock after purchasing an additional 12,700 shares during the period. Swiss National Bank's holdings in monday.com were worth $15,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MNDY. JFG Wealth Management LLC acquired a new stake in shares of monday.com in the fourth quarter valued at about $409,000. Y.D. More Investments Ltd raised its position in monday.com by 27.3% during the fourth quarter. Y.D. More Investments Ltd now owns 4,208 shares of the company's stock worth $790,000 after acquiring an additional 902 shares during the last quarter. Andar Capital Management HK Ltd purchased a new stake in shares of monday.com in the fourth quarter valued at about $3,005,000. Headlands Technologies LLC purchased a new position in shares of monday.com during the 4th quarter worth approximately $192,000. Finally, Stanley Laman Group Ltd. increased its stake in shares of monday.com by 2,876.4% during the 4th quarter. Stanley Laman Group Ltd. now owns 41,819 shares of the company's stock worth $7,854,000 after purchasing an additional 40,414 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MNDY. Citigroup downgraded monday.com from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. Tigress Financial raised their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Oppenheimer boosted their price target on monday.com from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 13th. Wells Fargo & Company assumed coverage on monday.com in a research report on Tuesday, April 9th. They set an "overweight" rating and a $260.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of monday.com from $230.00 to $270.00 and gave the company an "overweight" rating in a research note on Monday, March 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $240.00.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $0.76 during mid-day trading on Friday, hitting $181.76. 1,622,707 shares of the company traded hands, compared to its average volume of 807,837. The firm has a market cap of $8.78 billion, a P/E ratio of -2,585.34 and a beta of 1.24. monday.com Ltd. has a 52-week low of $122.13 and a 52-week high of $239.22. The firm's 50 day simple moving average is $207.33 and its 200 day simple moving average is $192.53.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The business had revenue of $202.60 million for the quarter, compared to analysts' expectations of $197.97 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The business's revenue for the quarter was up 35.5% compared to the same quarter last year. Equities research analysts expect that monday.com Ltd. will post -0.16 EPS for the current fiscal year.

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.