Natixis Advisors L.P. Acquires 7,444 Shares of monday.com Ltd. (NASDAQ:MNDY)

Natixis Advisors L.P. boosted its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 70.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,984 shares of the company's stock after buying an additional 7,444 shares during the period. Natixis Advisors L.P.'s holdings in monday.com were worth $3,377,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC boosted its stake in shares of monday.com by 44.9% in the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company's stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of monday.com by 222.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company's stock worth $25,000 after buying an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of monday.com by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company's stock valued at $151,000 after acquiring an additional 93 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of monday.com by 21.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company's stock valued at $131,000 after acquiring an additional 145 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in monday.com by 11.9% during the 4th quarter. Yousif Capital Management LLC now owns 1,500 shares of the company's stock worth $282,000 after acquiring an additional 160 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MNDY shares. Wells Fargo & Company began coverage on monday.com in a research report on Tuesday, April 9th. They issued an "overweight" rating and a $260.00 target price for the company. Canaccord Genuity Group decreased their price target on shares of monday.com from $250.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Bank of America began coverage on shares of monday.com in a report on Monday, February 26th. They set a "buy" rating and a $280.00 price target on the stock. KeyCorp initiated coverage on monday.com in a report on Thursday, March 21st. They set an "overweight" rating and a $275.00 target price on the stock. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $190.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $240.00.

monday.com Stock Down 0.3 %

NASDAQ MNDY traded down $0.48 on Monday, reaching $181.28. The company had a trading volume of 1,221,515 shares, compared to its average volume of 812,333. The company's fifty day moving average is $205.41 and its 200 day moving average is $194.07. monday.com Ltd. has a 52-week low of $122.13 and a 52-week high of $239.22. The stock has a market capitalization of $8.75 billion, a P/E ratio of -2,589.34 and a beta of 1.24.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The company had revenue of $202.60 million during the quarter, compared to the consensus estimate of $197.97 million. During the same period last year, the business posted ($0.03) earnings per share. monday.com's revenue was up 35.5% on a year-over-year basis. On average, research analysts expect that monday.com Ltd. will post -0.16 EPS for the current year.

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.