Monday.com Ltd. (MNDY) Fell as it Failed to Sustain the Momentum

2 months ago 20

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Soumya Eswaran

Wed, Apr 2, 2025, 4:59 AM 3 min read

Sands Capital, an concern absorption company, released its “Sands Capital Technology Innovators Fund” Q4 2024 capitalist letter. A transcript of the aforesaid tin beryllium downloaded here. Technology Innovators absorption connected pioneering businesses worldwide that service arsenic cardinal drivers oregon beneficiaries of important semipermanent changes driven by technology. The money returned 5.5% (net) successful the 4th fourth compared to 4.4% instrumentality for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The money returned 37.7% implicit the 1 twelvemonth play compared to 31.6 % instrumentality for the Index. You tin cheque the fund’s apical 5 holdings to cognize much astir its champion picks for 2024.

In its 4th fourth 2024 capitalist letter, Sands Capital Select Technology Innovators Fund emphasized stocks specified arsenic Monday.com Ltd. (NASDAQ:MNDY). Monday.com Ltd. (NASDAQ:MNDY) develops bundle applications and enactment absorption tools. The one-month instrumentality Monday.com Ltd. (NASDAQ:MNDY) was -6.43%, and its shares gained 21.72% of their worth implicit the past 52 weeks. On April 1, 2025, Monday.com Ltd. (NASDAQ:MNDY) banal closed astatine $262.18 per stock with a marketplace capitalization of $13.312 billion.

Sands Capital Technology Innovators Fund stated the pursuing regarding Monday.com Ltd. (NASDAQ:MNDY) successful its Q4 2024 capitalist letter:

"Monday.com Ltd. (NASDAQ:MNDY) shares declined pursuing the merchandise of its third-quarter concern results. Weakness successful shares of the concern tin beryllium attributed to momentum from a beardown 2nd 4th that did not transportation done into the 3rd quarter.