Natixis Advisors LLC Lowers Stake in monday.com Ltd. (NASDAQ:MNDY)

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 trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,815 shares of the company's stock after selling 11,962 shares during the period. Natixis Advisors LLC owned 0.09% of monday.com worth $11,140,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MNDY. China Universal Asset Management Co. Ltd. increased its holdings in shares of monday.com by 5.4% in 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 period. Asset Management One Co. Ltd. boosted its holdings in shares of monday.com by 109.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 27,231 shares of the company's stock worth $6,647,000 after buying an additional 14,213 shares during the period. ARK Investment Management LLC grew its stake in monday.com by 25.7% in the 1st quarter. ARK Investment Management LLC now owns 8,030 shares of the company's stock valued at $1,953,000 after buying an additional 1,643 shares during the last quarter. Bank of Montreal Can raised its holdings in monday.com by 62.0% in the 4th quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after acquiring an additional 8,454 shares during the period. Finally, Vontobel Holding Ltd. bought a new position in monday.com in the 1st quarter worth $221,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY traded up $0.21 during trading hours on Tuesday, hitting $249.96. The stock had a trading volume of 685,450 shares, compared to its average volume of 516,109. The firm has a 50 day simple moving average of $293.33 and a 200-day simple moving average of $277.29. monday.com Ltd. has a 1-year low of $202.01 and a 1-year high of $342.64. The firm has a market capitalization of $12.69 billion, a P/E ratio of 255.06, a price-to-earnings-growth ratio of 90.37 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MNDY. Morgan Stanley initiated coverage on monday.com in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 target price for the company. Piper Sandler reissued an "overweight" rating and issued a $325.00 price target on shares of monday.com in a research report on Friday, June 27th. DA Davidson lowered their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank raised their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Barclays lowered their price target on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.23.

About monday.com

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.