Natixis Advisors LLC Increases Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Natixis Advisors LLC increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,834 shares of the company’s stock after acquiring an additional 6,488 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of monday.com worth $16,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com in the third quarter valued at $43,000. Ridgewood Investments LLC purchased a new position in shares of monday.com during the second quarter worth about $45,000. Gilliland Jeter Wealth Management LLC increased its position in monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in monday.com during the 2nd quarter valued at approximately $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its position in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after acquiring an additional 356 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNDY. Tigress Financial boosted their target price on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Loop Capital boosted their price objective on shares of monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. TD Cowen boosted their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Oppenheimer raised their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $310.81.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $257.02 on Wednesday. The firm’s 50-day moving average is $281.02 and its two-hundred day moving average is $249.95. The company has a market capitalization of $12.41 billion, a PE ratio of 626.88, a price-to-earnings-growth ratio of 12.26 and a beta of 1.31. monday.com Ltd. has a 12-month low of $168.28 and a 12-month high of $324.99.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts forecast that monday.com Ltd. will post 0.5 EPS 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.