J. Safra Sarasin Holding AG Cuts Stock Position in monday.com Ltd. $MNDY

J. Safra Sarasin Holding AG lessened its position in shares of monday.com Ltd. (NASDAQ:MNDY – Free Report) by 94.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,468 shares of the company’s stock after selling 44,600 shares during the period. J. Safra Sarasin Holding AG’s holdings in monday.com were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MNDY. CoreCap Advisors LLC grew its holdings in monday.com by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock worth $57,000 after purchasing an additional 89 shares during the last quarter. Abound Wealth Management purchased a new stake in shares of monday.com during the 4th quarter valued at $30,000. SG Americas Securities LLC lifted its holdings in shares of monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the last quarter. IFP Advisors Inc boosted its position in shares of monday.com by 26.1% in the 3rd quarter. IFP Advisors Inc now owns 1,044 shares of the company’s stock worth $202,000 after purchasing an additional 216 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of monday.com by 4.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock worth $682,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY opened at $68.34 on Friday. The stock has a 50-day moving average of $82.54 and a two-hundred day moving average of $137.90. monday.com Ltd. has a one year low of $66.26 and a one year high of $316.98. The stock has a market cap of $3.50 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.26 and a beta of 1.29.

monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The business had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. During the same period in the prior year, the company earned $1.08 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. Analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MNDY shares. Barclays set a $115.00 target price on monday.com in a research report on Tuesday, February 10th. Morgan Stanley lowered their price target on monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. Guggenheim dropped their price target on monday.com from $250.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a report on Thursday, January 22nd. Finally, Tigress Financial increased their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.38.

Check Out Our Latest Research Report on monday.com

About monday.com

(Free Report)

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.

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