monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in monday.com Ltd. by 20.7%, selling 11,962 shares, and owns 0.09% of the company, valued at approximately $11.14 million.
• Analysts have varying price targets for monday.com, with Needham & Company setting a target of $400 while Loop Capital adjusted theirs to $375, indicating mixed expectations in the market.
• In the latest earnings report, monday.com surpassed expectations with an EPS of $1.10 and revenue of $282.25 million, marking a 30.2% increase compared to the same quarter last year.

Natixis Advisors LLC decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,815 shares of the company's stock after selling 11,962 shares during the period. Natixis Advisors LLC owned about 0.09% of monday.com worth $11,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management increased its position in shares of monday.com by 7.9% during the first quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after acquiring an additional 42 shares in the last quarter. Farther Finance Advisors LLC grew its position in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after purchasing an additional 52 shares during the period. Prudential Financial Inc. grew its holdings in shares of monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in shares of monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after acquiring an additional 55 shares during the period. Finally, First Horizon Advisors Inc. lifted 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 acquiring an additional 70 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MNDY shares. Scotiabank upped their price target on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Canaccord Genuity Group cut their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen cut shares of monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird set a $310.00 target price on shares of monday.com and gave the company an "outperform" rating in a research note on Wednesday. Finally, Barclays decreased their price target on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and an average target price of $348.09.

monday.com Trading Down 4.3%

Shares of MNDY traded down $11.23 during mid-day trading on Thursday, hitting $247.28. The company's stock had a trading volume of 925,425 shares, compared to its average volume of 783,652. The company's 50-day moving average is $291.57 and its 200-day moving average is $276.98. monday.com Ltd. has a 52-week low of $202.01 and a 52-week high of $342.64. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 252.08, a PEG ratio of 90.45 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. monday.com's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.