Wix Stock Has Tanked 70% This Past Year, and One Investor Sold $6 Million in Shares Last Quarter

1 day ago 11

Jonathan Ponciano, The Motley Fool

Mon, March 2, 2026 astatine 11:00 AM CST 4 min read

On February 17, 2026, No Street Capital reported selling 50,000 shares of Wix.com (NASDAQ:WIX), an estimated $6.05 cardinal commercialized based connected quarterly mean pricing.

According to a recent SEC filing, No Street reduced its involvement successful Wix.com Ltd. by 50,000 shares during the 4th quarter. The estimated worth of the merchantability is $6.05 million, calculated utilizing the mean unadjusted closing terms implicit the quarter. At quarter-end, the money held 500,000 shares, with the presumption valued astatine $51.95 million. The nett presumption change, reflecting some trading and marketplace movement, totaled $45.75 million.

Following the sale, WIX represents 3.5% of No Street GP LP’s 13F assets, which places it extracurricular the fund’s apical 5 holdings.
Top holdings aft the filing:
- NYSE: UBER: $114.39 cardinal (7.7% of AUM)
- NYSE: FICO: $110.74 cardinal (7.5% of AUM)
- NYSE: TWLO: $109.91 cardinal (7.4% of AUM)
- NYSE: CVNA: $101.07 cardinal (6.8% of AUM)
- NASDAQ: APP: $95.35 cardinal (6.4% of AUM)
As of February 17, 2026, Wix shares were priced astatine $68.07, down 70% implicit the past twelvemonth and vastly underperforming the S&P 500, which is alternatively up astir 17%.

Metric

Value

Revenue (TTM)	$1.93 billion
Net income (TTM)	$138.90 million
Market capitalization	$3.8 billion

Wix.com offers a cloud-based website instauration platform, including Wix Editor, Wix ADI, Corvid by Wix, Ascend by Wix, Wix Logo Maker, Wix Answers, Wix Payments, and a suite of vertical-specific concern applications.
The institution generates gross chiefly done premium subscriptions, value-added services, and transaction fees from concern solutions and outgo processing.
It targets individuals, tiny businesses, and enterprises seeking to found and negociate an online beingness globally.

Wix.com is simply a starring supplier of cloud-based web improvement solutions, enabling users to build, manage, and turn their integer presence. The institution leverages a subscription-based concern model, supported by a wide suite of complementary services and outgo solutions, to thrust recurring gross and lawsuit engagement. Its scalable level and planetary scope presumption Wix.com arsenic a cardinal subordinate successful the website infrastructure and online concern enablement market.

Wix is softly morphing into an AI-enabled level with meaningful operating leverage, but the banal terms is telling a acold uglier narrative.

In the 3rd quarter, gross roseate 14% twelvemonth implicit twelvemonth to $505.2 million, with full bookings up 14% to $514.5 million. Free currency flow, meanwhile, reached $127.3 cardinal successful the quarter, and absorption present expects astir $600 cardinal successful escaped currency travel for 2025, excluding acquisition costs.

Base44 is the plaything factor. Management said the AI application-builder was connected way for astatine slightest $50 cardinal successful ARR by year’s end, with marketplace stock already supra 10% successful its category.

Ultimately, against a portfolio stacked with higher beta names similar Uber, FICO, Twilio, and Carvana, trimming a 3.5% presumption successful a banal down 70% implicit the past twelvemonth could simply bespeak hazard balancing. And for semipermanent investors, the existent statement is durability. Bookings momentum, rising ARR, and beardown escaped currency travel suggest the concern is stabilizing. Execution successful AI and borderline subject volition find whether this is simply a worth trap oregon a reset with teeth.

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