State of New Jersey Common Pension Fund D Raises Stock Holdings in monday.com Ltd. $MNDY

State of New Jersey Common Pension Fund D boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 2.9% in the second quarter, HoldingsChannel reports. The firm owned 17,791 shares of the company’s stock after purchasing an additional 500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in monday.com were worth $5,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in monday.com in the first quarter valued at about $25,000. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after purchasing an additional 70 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 0.6%

Shares of monday.com stock opened at $197.41 on Monday. The business’s 50 day simple moving average is $189.74 and its 200-day simple moving average is $246.43. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 266.77, a PEG ratio of 9.93 and a beta of 1.24. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $299.01 million for the quarter, compared to analysts’ expectations of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on MNDY shares. Wells Fargo & Company started coverage on monday.com in a report on Tuesday, September 30th. They set an “overweight” rating and a $260.00 target price on the stock. Morgan Stanley raised monday.com from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. Baird R W raised monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Zacks Research raised monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group reduced their target price on monday.com from $360.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.81.

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.