Do You Have Long-Term Conviction in monday.com (MNDY)?

34 minutes ago 1

Soumya Eswaran

Mon, December 1, 2025 astatine 7:09 AM CST 3 min read

Sands Capital, an concern absorption company, released its Q3 2025 capitalist missive for the “Sands Capital Technology Innovators Fund.” A transcript of the missive tin beryllium downloaded here. Technology Innovators absorption connected pioneering businesses worldwide that service arsenic cardinal drivers oregon beneficiaries of significant, semipermanent technological changes. The money returned 8.4% (net) successful the 3rd 4th compared to a 12.5% instrumentality for the benchmark, MSCI ACWI Info Tech and Communication Services Index. Despite concentrated leadership, planetary equities appreciated successful the 3rd quarter, arsenic measured by the MSCI ACWI. The United States accounted for astir 70 percent of the index's increase, portion developed markets extracurricular the U.S. and emerging markets besides provided affirmative returns. You tin cheque the fund’s apical 5 holdings to cognize much astir its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Sands Capital Technology Innovators Fund highlighted stocks specified arsenic Monday.com Ltd. (NASDAQ:MNDY). Monday.com Ltd. (NASDAQ:MNDY) develops bundle applications and enactment absorption tools. The one-month instrumentality of Monday.com Ltd. (NASDAQ:MNDY) was -29.87%, and its shares mislaid 47.63% of their worth implicit the past 52 weeks. On November 28, 2025, Monday.com Ltd. (NASDAQ:MNDY) banal closed astatine $143.86 per share, with a marketplace capitalization of $7.416 billion.

Sands Capital Technology Innovators Fund stated the pursuing regarding Monday.com Ltd. (NASDAQ:MNDY) successful its 3rd 4th 2025 capitalist letter:

"Monday.com Ltd. (NASDAQ:MNDY) is an emerging supplier of task absorption and workflow automation software. In the 2nd quarter, revenues grew 27 percent twelvemonth implicit year, and margins of 15 percent came successful good up of statement expectations. However, full-year guidance, lawsuit retention, and nett adds fell abbreviated of expectations. Management besides noted that Google’s AI overviews had a “minor impact” connected top-of-funnel activity, which they are moving to mitigate—sending the banal lower. In our view, the stock terms diminution pursuing first-quarter earnings, combined with the persistent overhang of AI disruption fears, has been overly punitive. Management has since clarified that the interaction is expected to beryllium abbreviated word and “de minimis,” and the institution has already adapted to these changes. With monday’s large, diverse, and highly engaged idiosyncratic base, accelerated cadence of merchandise innovation, and improving income execution, we support semipermanent condemnation and judge the shares contiguous an charismatic risk-reward accidental from existent levels."