monday.com Ltd. (NASDAQ:MNDY) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,534 shares of the company’s stock after acquiring 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 Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in MNDY. Janney Montgomery Scott LLC acquired a new position in monday.com during the third quarter worth approximately $1,001,000. Principal Financial Group Inc. increased its position in monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock worth $14,807,000 after buying an additional 14,059 shares during the period. Entropy Technologies LP acquired a new position in monday.com during the third quarter worth approximately $349,000. Sumitomo Mitsui Trust Group Inc. increased its position in monday.com by 3.2% during the third 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 during the period. Finally, CIBC Asset Management Inc increased its position in monday.com by 6.1% during the third quarter. CIBC Asset Management Inc now owns 3,512 shares of the company’s stock worth $976,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 5.6 %

Shares of NASDAQ:MNDY opened at $255.87 on Friday. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The stock’s fifty day simple moving average is $265.97 and its 200-day simple moving average is $269.54. The company has a market capitalization of $12.35 billion, a P/E ratio of 426.45, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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, sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird boosted their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Cantor Fitzgerald boosted their target price on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Canaccord Genuity Group boosted their target price on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Loop Capital dropped their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, Wells Fargo & Company boosted their target price on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.32.

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.