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

Swiss National Bank grew its position in monday.com Ltd. (NASDAQ:MNDY) by 28.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 159,100 shares of the company’s stock after purchasing an additional 35,400 shares during the period. Swiss National Bank’s holdings in monday.com were worth $10,995,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital World Investors boosted its holdings in monday.com by 91.4% during the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in monday.com by 15.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after buying an additional 165,996 shares during the last quarter. Renaissance Technologies LLC increased its stake in monday.com by 7.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock valued at $166,609,000 after buying an additional 74,800 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of monday.com by 2.2% during the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after buying an additional 15,377 shares in the last quarter. Finally, State Street Corp lifted its position in shares of monday.com by 3.8% during the 4th quarter. State Street Corp now owns 688,751 shares of the company’s stock worth $101,632,000 after buying an additional 25,009 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

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 twelve month low of $57.50 and a twelve month high of $295.00. The company’s 50-day moving average price is $78.63 and its two-hundred day moving average price is $83.16.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The company had revenue of $351.26 million during the quarter. As a group, sell-side analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MNDY. Guggenheim set a $130.00 target price on monday.com and gave the stock a “buy” rating in a research note on Thursday, April 9th. Zacks Research downgraded monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Canaccord Genuity Group dropped their price target on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Jefferies Financial Group reissued a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a research note on Thursday, June 11th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.04.

About monday.com

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.