Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 8,000 Shares of monday.com Ltd. $MNDY

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 71.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,121 shares of the company’s stock after buying an additional 8,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in monday.com were worth $1,321,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. USS Investment Management Ltd grew its position in monday.com by 5.8% during the first quarter. USS Investment Management Ltd now owns 9,509 shares of the company’s stock worth $657,000 after buying an additional 524 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of monday.com in the 1st quarter valued at about $522,000. Pictet Asset Management Holding SA raised its holdings in shares of monday.com by 7.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 18,766 shares of the company’s stock valued at $1,297,000 after acquiring an additional 1,247 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in shares of monday.com by 51.4% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 28,000 shares of the company’s stock valued at $1,935,000 after acquiring an additional 9,500 shares during the last quarter. Finally, DUTCH ASSET Corp purchased a new position in shares of monday.com during the fourth quarter worth about $324,000. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research note on Thursday, June 11th. Jefferies Financial Group reissued a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Oppenheimer set a $115.00 price objective on shares of monday.com in a research report on Monday, May 11th. Citigroup lowered their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, TD Cowen lifted their price objective on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Stock Performance

Shares of MNDY opened at $82.50 on Tuesday. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $314.99. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 3.99 and a beta of 1.26. The firm has a 50 day moving average price of $76.26 and a 200-day moving average price of $89.71.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.26 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, equities research analysts predict that monday.com Ltd. will post 1.59 earnings per share for the current year.

monday.com Profile

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.