State of New Jersey Common Pension Fund D Boosts Stake in monday.com Ltd. (NASDAQ:MNDY)

State of New Jersey Common Pension Fund D boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,991 shares of the company’s stock after buying an additional 300 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in monday.com were worth $3,765,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Palumbo Wealth Management LLC lifted its position in shares of monday.com by 45.3% during the 4th quarter. Palumbo Wealth Management LLC now owns 3,670 shares of the company’s stock valued at $864,000 after buying an additional 1,145 shares in the last quarter. Rhumbline Advisers raised its stake in monday.com by 4.6% during the 4th quarter. Rhumbline Advisers now owns 10,561 shares of the company’s stock worth $2,486,000 after acquiring an additional 465 shares during the period. Blue Trust Inc. raised its stake in monday.com by 311.0% during the 4th quarter. Blue Trust Inc. now owns 1,311 shares of the company’s stock worth $309,000 after acquiring an additional 992 shares during the period. Asset Management One Co. Ltd. lifted its holdings in monday.com by 1.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 13,018 shares of the company’s stock valued at $3,036,000 after purchasing an additional 148 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of monday.com by 1.5% in the fourth quarter. Van ECK Associates Corp now owns 13,443 shares of the company’s stock worth $3,165,000 after purchasing an additional 199 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

NASDAQ MNDY opened at $308.27 on Thursday. The business’s 50 day moving average price is $255.03 and its 200-day moving average price is $266.39. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The company has a market cap of $14.88 billion, a P/E ratio of 513.78, a P/E/G ratio of 17.09 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on MNDY shares. Scotiabank raised their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group boosted their price objective on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday, February 11th. Cantor Fitzgerald boosted their price target on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.32.

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.