What This Fund's $24 Million monday.com Sale Could Signal After a 73% Stock Drop

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Jonathan Ponciano, The Motley Fool

Sat, May 23, 2026 astatine 4:49 PM CDT 4 min read

On May 14, 2026, ShawSpring Partners disclosed successful an SEC filing that it sold retired its full presumption successful monday.com (NASDAQ:MNDY), exiting 253,959 shares successful a commercialized estimated astatine $24.37 cardinal based connected quarterly mean pricing.

What happened

According to a filing with the Securities and Exchange Commission dated May 14, 2026, ShawSpring Partners liquidated its full holding of monday.com, selling 253,959 shares. The estimated transaction worth was $24.37 million, calculated utilizing the mean closing terms for the archetypal quarter. The quarter-end presumption worth decreased by $37.47 million, a fig that includes some the stock merchantability and terms question implicit the period.

What other to cognize

Top holdings aft the filing:
- NASDAQ: OKTA: $44.47 cardinal (16.6% of AUM)
- NASDAQ: AMZN: $38.84 cardinal (14.5% of AUM)
- NYSE: BABA: $36.42 cardinal (13.6% of AUM)
- NASDAQ: ZS: $28.12 cardinal (10.5% of AUM)
- NASDAQ: BRZE: $26.26 cardinal (9.8% of AUM)
As of Friday, shares were priced astatine $79.06, down 73% implicit the past twelvemonth and good underperforming the S&P 500, which is alternatively up astir 28%.

Company overview

Metric

Value

Revenue (TTM)	$1.3 billion
Net income (TTM)	$119.4 million
Market capitalization	$4.1 billion
Price (as of Friday)	$79.06

Company snapshot

monday.com offers a cloud-based Work OS level enabling organizations to physique customized workflow applications for task management, CRM, marketing, and bundle development.
The steadfast generates gross chiefly done subscription-based SaaS licensing, with further income from value-added services specified arsenic onboarding and lawsuit support.
It serves a divers planetary lawsuit basal including enterprises, SMBs, acquisition institutions, and authorities organizations.

monday.com is simply a exertion institution specializing successful cloud-based enactment absorption solutions, with a planetary beingness and a scalable SaaS concern model. The institution leverages modular bundle to code a wide scope of operational needs for organizations of varying sizes.

What this transaction means for investors

Though it appears ShawSpring was done waiting for a turnaround, monday.com's underlying show has remained beardown adjacent arsenic the banal has been crushed implicit the past year, creating a disconnect that immoderate investors seeking worth whitethorn find worthy watching. In the archetypal quarter, gross climbed 24% twelvemonth implicit twelvemonth to $351.3 cardinal portion GAAP operating income doubled to $19.8 million. The institution besides generated much than $100 cardinal successful operating currency travel and launched its caller AI Work Platform, which absorption sees arsenic the adjacent large maturation driver.

Perhaps much impressive, monday.com continues moving upmarket. Customers generating much than $100,000 successful yearly recurring gross jumped 39%, portion customers contributing much than $500,000 successful ARR surged 74%. Remaining show obligations roseate 33% to $880 million, suggesting request remains healthy. Management besides authorized an assertive stock repurchase effort, buying backmost astir $553 cardinal of banal during the quarter.

For semipermanent investors, the cardinal question is whether the marketplace has go overly pessimistic. A banal down much than 70% contempt double-digit growth, expanding endeavor adoption, and improving profitability whitethorn merit a person look. The hazard is that contention successful enactment absorption and AI bundle remains intense, but the concern itself appears to beryllium executing acold amended than the stock terms suggests.

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