Loomis Sayles & Co. L P Invests $44,000 in monday.com Ltd. (NASDAQ:MNDY)

Loomis Sayles & Co. L P acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 186 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MNDY. AssuredPartners Investment Advisors LLC bought a new stake in shares of monday.com in the 4th quarter worth $226,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in monday.com by 4.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,294 shares of the company’s stock worth $17,713,000 after buying an additional 3,458 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in monday.com by 8.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,358 shares of the company’s stock worth $4,558,000 after buying an additional 1,450 shares during the last quarter. Keystone Investors PTE Ltd. bought a new position in monday.com during the 4th quarter valued at about $2,161,000. Finally, TIAA Trust National Association bought a new stake in shares of monday.com in the fourth quarter worth approximately $11,893,000. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of MNDY opened at $243.16 on Tuesday. The stock has a market capitalization of $12.35 billion, a PE ratio of 405.27, a P/E/G ratio of 16.53 and a beta of 1.27. The company’s fifty day moving average is $273.01 and its 200 day moving average is $270.32. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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%. As a group, research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MNDY shares. Wells Fargo & Company lifted their target price on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and cut their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their target price on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $352.64.

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.