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

Natixis Advisors LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,777 shares of the company’s stock after selling 3,057 shares during the period. Natixis Advisors LLC’s holdings in monday.com were worth $13,603,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its position in monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,318 shares in the last quarter. Jennison Associates LLC raised its position in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of monday.com in the 4th quarter valued at approximately $245,000. Swiss National Bank boosted its holdings in shares of monday.com by 2.2% in the 3rd quarter. Swiss National Bank now owns 111,400 shares of the company’s stock worth $30,944,000 after purchasing an additional 2,400 shares during the period. Finally, Brown Capital Management LLC increased its position in shares of monday.com by 2.4% during the 3rd 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. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. DA Davidson upgraded shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a report on Monday. Tigress Financial increased their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Robert W. Baird boosted their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.45.

monday.com Stock Up 2.1 %

Shares of MNDY stock 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 PEG ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The company’s 50 day moving average is $267.89 and its 200 day moving average is $269.54.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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.