Natixis Advisors LLC Buys 2,031 Shares of monday.com Ltd. (NASDAQ:MNDY)

Natixis Advisors LLC grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,346 shares of the company's stock after buying an additional 2,031 shares during the quarter. Natixis Advisors LLC owned 0.11% of monday.com worth $13,084,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sei Investments Co. raised its position in monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company's stock valued at $24,243,000 after buying an additional 41,840 shares during the last quarter. M&G Investment Management Ltd. raised its holdings in shares of monday.com by 8.5% in the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company's stock valued at $9,089,000 after purchasing an additional 3,796 shares during the last quarter. Norden Group LLC bought a new stake in shares of monday.com in the first quarter worth $840,000. Boulder Hill Capital Management LP acquired a new position in monday.com during the fourth quarter worth $2,197,000. Finally, Bessemer Group Inc. bought a new position in monday.com in the first quarter valued at $1,314,000. Institutional investors own 73.70% of the company's stock.

monday.com Stock Up 0.5 %

Shares of MNDY traded up $1.28 during midday trading on Thursday, reaching $249.12. 373,954 shares of the stock were exchanged, compared to its average volume of 770,253. The stock's 50 day simple moving average is $241.98 and its 200 day simple moving average is $224.08. The company has a market cap of $12.03 billion, a P/E ratio of 655.58, a PEG ratio of 12.99 and a beta of 1.30. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $272.77.

Analysts Set New Price Targets

MNDY has been the subject of a number of recent research reports. Barclays increased their price objective on shares of monday.com from $275.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 13th. Loop Capital raised their price target on monday.com from $245.00 to $285.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price objective on monday.com from $260.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, May 16th. Wolfe Research initiated coverage on shares of monday.com in a research note on Tuesday, July 9th. They issued an "outperform" rating and a $300.00 target price for the company. Finally, Bank of America boosted their target price on shares of monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.79.

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.