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

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,534 shares of the company’s stock after purchasing an additional 1,296 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in monday.com were worth $3,657,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Taika Capital LP purchased a new stake in monday.com in the 4th quarter valued at $2,351,000. PNC Financial Services Group Inc. grew its holdings in monday.com by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,818 shares of the company’s stock valued at $1,841,000 after buying an additional 218 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong grew its holdings in monday.com by 149.9% in the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 25,553 shares of the company’s stock valued at $6,016,000 after buying an additional 15,327 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in monday.com in the 4th quarter valued at $1,177,000. Finally, Raymond James Financial Inc. purchased a new stake in monday.com in the 4th quarter valued at $27,010,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of research analyst reports. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Cantor Fitzgerald increased their price target on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Scotiabank increased their price target on monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group increased their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, DA Davidson increased their price target on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Stock Performance

MNDY opened at $255.87 on Friday. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64. The company has a market cap of $12.35 billion, a P/E ratio of 426.45, a PEG ratio of 16.53 and a beta of 1.27. The business’s 50-day simple moving average is $265.97 and its 200-day simple moving average is $269.54.

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