Swiss National Bank Trims Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Swiss National Bank lessened its stake in monday.com Ltd. (NASDAQ:MNDY) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNDY. Sumitomo Mitsui Trust Group Inc. grew its stake in monday.com by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,691 shares of the company’s stock worth $18,525,000 after buying an additional 2,085 shares in the last quarter. CIBC Asset Management Inc grew its stake in monday.com by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 3,512 shares of the company’s stock worth $976,000 after buying an additional 202 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of monday.com by 11.9% in the 3rd quarter. Natixis Advisors LLC now owns 60,834 shares of the company’s stock valued at $16,898,000 after purchasing an additional 6,488 shares in the last quarter. LMR Partners LLP boosted its stake in shares of monday.com by 11.8% in the 3rd quarter. LMR Partners LLP now owns 55,912 shares of the company’s stock valued at $15,531,000 after purchasing an additional 5,912 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of monday.com by 22.3% in the 3rd quarter. Pathstone Holdings LLC now owns 18,249 shares of the company’s stock valued at $5,069,000 after purchasing an additional 3,332 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

MNDY has been the subject of a number of research reports. Scotiabank cut their price objective on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research note on Monday. Needham & Company LLC upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Loop Capital cut their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Trading Up 3.9 %

Shares of NASDAQ MNDY opened at $265.73 on Tuesday. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a market capitalization of $12.83 billion, a PE ratio of 442.88, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The firm has a fifty day simple moving average of $266.54 and a two-hundred day simple moving average of $269.65.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

About monday.com

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.