Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,061 shares of the company’s stock after buying an additional 1,460 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in monday.com were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Mackenzie Financial Corp bought a new stake in shares of monday.com during the 4th quarter valued at $253,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of monday.com by 13.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after buying an additional 93 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of monday.com by 19.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,864 shares of the company’s stock worth $8,989,000 after buying an additional 7,955 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of monday.com by 80.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,330 shares of the company’s stock worth $250,000 after acquiring an additional 591 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 1.6 %

Shares of MNDY stock opened at $184.79 on Wednesday. The company has a 50 day moving average price of $214.29 and a 200-day moving average price of $189.44. monday.com Ltd. has a 52 week low of $108.35 and a 52 week high of $239.22. The firm has a market capitalization of $8.92 billion, a PE ratio of -2,639.48 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. The company had revenue of $202.60 million for the quarter, compared to analysts’ expectations of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) earnings per share. Analysts anticipate that monday.com Ltd. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MNDY. KeyCorp started coverage on shares of monday.com in a report on Thursday, March 21st. They issued an “overweight” rating and a $275.00 price objective on the stock. Tigress Financial raised their price objective on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Oppenheimer boosted their target price on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of monday.com in a report on Tuesday, February 13th. Finally, Bank of America began coverage on monday.com in a research report on Monday, February 26th. They issued a “buy” rating and a $280.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $240.00.

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.