Neuberger Berman Group LLC boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 34.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,960 shares of the company's stock after acquiring an additional 104,968 shares during the period. Neuberger Berman Group LLC owned 0.81% of monday.com worth $99,443,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. Polen Capital Management LLC increased its position in shares of monday.com by 34.0% during the 1st quarter. Polen Capital Management LLC now owns 71,261 shares of the company's stock valued at $17,328,000 after purchasing an additional 18,075 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of monday.com by 5.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 17,700 shares of the company's stock valued at $4,304,000 after purchasing an additional 900 shares during the last quarter. Citigroup Inc. increased its position in shares of monday.com by 279.2% during the 1st quarter. Citigroup Inc. now owns 163,974 shares of the company's stock valued at $39,872,000 after purchasing an additional 120,737 shares during the last quarter. Finally, ARK Investment Management LLC increased its position in shares of monday.com by 25.7% during the 1st quarter. ARK Investment Management LLC now owns 8,030 shares of the company's stock valued at $1,953,000 after purchasing an additional 1,643 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.
monday.com Price Performance
Shares of NASDAQ:MNDY traded down $1.18 on Friday, hitting $175.74. 1,660,523 shares of the company's stock were exchanged, compared to its average volume of 1,540,328. monday.com Ltd. has a 12 month low of $171.54 and a 12 month high of $342.64. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 237.49, a price-to-earnings-growth ratio of 5.95 and a beta of 1.27. The business's 50 day simple moving average is $276.72 and its two-hundred day simple moving average is $274.37.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $293.60 million. During the same period last year, the company earned $0.94 earnings per share. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. Equities analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently commented on MNDY. Loop Capital reduced their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Jefferies Financial Group reissued a "buy" rating and issued a $330.00 target price (down from $360.00) on shares of monday.com in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. TD Cowen reduced their target price on shares of monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $305.18.
Read Our Latest Report on MNDY
About monday.com
(
Free Report)
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.
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