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

Swiss National Bank trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,400 shares of the company’s stock after selling 8,000 shares during the period. Swiss National Bank’s holdings in monday.com were worth $24,344,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new stake in monday.com during the 4th quarter valued at about $33,000. Global Retirement Partners LLC grew its position in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Finally, Cromwell Holdings LLC grew its position in monday.com by 372.7% during the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several research reports. Scotiabank decreased 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 report on Monday. Needham & Company LLC increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group increased their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $265.73 on Tuesday. The firm has a fifty day moving average price of $266.54 and a 200-day moving average price of $269.65. The stock has a market cap 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. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.

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

monday.com 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.