State of New Jersey Common Pension Fund D Boosts Position in monday.com Ltd. $MNDY

State of New Jersey Common Pension Fund D boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,791 shares of the company’s stock after purchasing an additional 500 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in monday.com were worth $5,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after acquiring an additional 851,231 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of monday.com by 8.7% in the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company’s stock valued at $4,538,000 after acquiring an additional 1,500 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of monday.com by 34.5% in the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company’s stock valued at $99,443,000 after acquiring an additional 104,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the last quarter. Finally, Nuveen LLC acquired a new position in monday.com in the first quarter valued at $23,078,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $197.41 on Monday. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The firm has a market capitalization of $10.02 billion, a PE ratio of 266.77, a P/E/G ratio of 9.93 and a beta of 1.24. The business has a 50-day moving average of $189.74 and a two-hundred day moving average of $246.43.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

MNDY has been the subject of several analyst reports. Cowen reiterated a “buy” rating on shares of monday.com in a research note on Tuesday, August 12th. Oppenheimer initiated coverage on monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 target price for the company. KeyCorp reiterated an “overweight” rating and issued a $330.00 target price on shares of monday.com in a research note on Monday, August 11th. Piper Sandler dropped their target price on monday.com from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, September 18th. Finally, Morgan Stanley upgraded monday.com from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $330.00 to $260.00 in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.81.

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.