Natixis Advisors LLC Acquires 6,488 Shares of monday.com Ltd. (NASDAQ:MNDY)

Natixis Advisors LLC increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,834 shares of the company's stock after buying an additional 6,488 shares during the period. Natixis Advisors LLC owned about 0.13% of monday.com worth $16,898,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MNDY. Bessemer Group Inc. acquired a new stake in shares of monday.com during the first quarter worth $1,314,000. China Universal Asset Management Co. Ltd. acquired a new position in monday.com during the 3rd quarter valued at about $1,667,000. International Assets Investment Management LLC acquired a new position in monday.com during the 3rd quarter valued at about $21,989,000. Taylor Frigon Capital Management LLC bought a new position in shares of monday.com during the 3rd quarter valued at about $1,311,000. Finally, Quent Capital LLC bought a new position in shares of monday.com during the 1st quarter valued at about $565,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

NASDAQ:MNDY traded up $2.44 on Wednesday, hitting $259.46. 220,332 shares of the stock were exchanged, compared to its average volume of 724,181. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 626.88, a P/E/G ratio of 12.26 and a beta of 1.31. monday.com Ltd. has a 52 week low of $169.46 and a 52 week high of $324.99. The company's 50-day moving average price is $281.02 and its 200 day moving average price is $249.95.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million during 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%. The company's revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. As a group, equities research analysts predict that monday.com Ltd. will post 0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on MNDY. Scotiabank started coverage on shares of monday.com in a report on Tuesday. They issued a "sector outperform" rating and a $325.00 target price for the company. TD Cowen lifted their price target on shares of monday.com from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Bank of America raised their price objective on shares of monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Capital One Financial started coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price objective on the stock. Finally, Baird R W upgraded shares of monday.com to a "hold" rating in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $310.81.

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.