Natixis Advisors LLC Sells 3,057 Shares of monday.com Ltd. (NASDAQ:MNDY)

Natixis Advisors LLC trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,777 shares of the company’s stock after selling 3,057 shares during the period. Natixis Advisors LLC owned approximately 0.12% of monday.com worth $13,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of monday.com in the fourth quarter worth approximately $245,000. Swiss National Bank grew its stake in shares of monday.com by 2.2% in the third quarter. Swiss National Bank now owns 111,400 shares of the company’s stock worth $30,944,000 after acquiring an additional 2,400 shares during the period. Finally, Brown Capital Management LLC raised its holdings in shares of monday.com by 2.4% during the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company’s stock valued at $30,755,000 after purchasing an additional 2,583 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MNDY shares. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Piper Sandler raised their price target on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Needham & Company LLC upped their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Robert W. Baird raised their target price on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Scotiabank reduced their price target on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $262.68 on Thursday. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 437.80, a P/E/G ratio of 16.53 and a beta of 1.27. The firm has a fifty day moving average price of $267.89 and a 200 day moving average price of $269.54. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last issued 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, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.