Neuberger Berman Group LLC Has $141.68 Million Stake in monday.com Ltd. $MNDY

Neuberger Berman Group LLC raised its position in monday.com Ltd. (NASDAQ:MNDY) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,619 shares of the company’s stock after purchasing an additional 41,659 shares during the quarter. Neuberger Berman Group LLC’s holdings in monday.com were worth $141,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after purchasing an additional 851,231 shares during the period. Public Sector Pension Investment Board raised its position in monday.com by 8.7% during the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company’s stock worth $4,538,000 after purchasing an additional 1,500 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after buying an additional 745,686 shares during the period. Nuveen LLC bought a new stake in shares of monday.com in the 1st quarter valued at about $23,078,000. Finally, Polen Capital Management LLC grew its position in shares of monday.com by 34.0% in the 1st quarter. Polen Capital Management LLC now owns 71,261 shares of the company’s stock valued at $17,328,000 after buying an additional 18,075 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY opened at $144.97 on Friday. monday.com Ltd. has a one year low of $141.58 and a one year high of $342.64. The company has a market cap of $7.36 billion, a PE ratio of 117.86, a P/E/G ratio of 5.73 and a beta of 1.24. The stock has a 50-day moving average of $182.41 and a 200-day moving average of $231.49.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The company had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.monday.com’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

MNDY has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Cantor Fitzgerald dropped their price target on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research report on Thursday, September 18th. Wells Fargo & Company decreased their price objective on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Finally, Citigroup cut their price target on shares of monday.com from $332.00 to $319.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.19.

monday.com 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.