monday.com Ltd. $MNDY Holdings Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 33.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 600,255 shares of the company’s stock after buying an additional 149,636 shares during the period. Neuberger Berman Group LLC owned about 1.18% of monday.com worth $116,299,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. WCM Investment Management LLC increased its position in monday.com by 2.8% in the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after purchasing an additional 115,353 shares during the last quarter. Ibex Investors LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at about $34,864,000. Baillie Gifford & Co. lifted its holdings in shares of monday.com by 136.5% during the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares during the last quarter. TenCore Partners LP grew its stake in shares of monday.com by 42.2% in the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock valued at $27,386,000 after buying an additional 41,935 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of monday.com by 17.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock valued at $15,303,000 after buying an additional 12,000 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of monday.com from $190.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Bank of America decreased their target price on shares of monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and set a $95.00 price target on shares of monday.com in a report on Monday, February 9th. Finally, Morgan Stanley reduced their price objective on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, January 27th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.38.

monday.com Stock Performance

MNDY opened at $78.70 on Friday. The firm has a market cap of $4.00 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The business has a 50 day moving average price of $107.87 and a 200 day moving average price of $152.64. monday.com Ltd. has a twelve month low of $68.68 and a twelve month high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 9th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company had revenue of $333.88 million for the quarter, compared to the consensus estimate of $329.71 million. During the same quarter last year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.