What to Know About a $38 Million Bet on monday.com Amid a 75% Stock Drop

1 day ago 3

Jonathan Ponciano, The Motley Fool

Fri, May 22, 2026 astatine 10:34 AM CDT 4 min read

On May 14, 2026, Conifer Management disclosed a caller presumption successful monday.com (NASDAQ:MNDY), acquiring 400,000 shares successful the archetypal quarter—an estimated $38.39 cardinal commercialized based connected quarterly mean pricing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, Conifer Management reported acquiring 400,000 shares of monday.com during the archetypal quarter. The estimated transaction worth was $38.39 million, based connected the mean closing terms implicit the quarter. The quarter-end worth of the presumption stood astatine $27.64 million, including the effects of immoderate terms fluctuation done March 31, 2026.

What other to cognize

This was a caller presumption for Conifer, representing 5% of its 13F reportable AUM aft the trade.
Top holdings aft the filing:
- NYSE: GPI: $249.64 cardinal (47.7% of AUM)
- NYSE: EQH: $155.86 cardinal (29.8% of AUM)
- NYSE: LAD: $52.94 cardinal (10.1% of AUM)
- NASDAQ: MNDY: $27.64 cardinal (5.3% of AUM)
- NASDAQ: RMNI: $19.40 cardinal (3.7% of AUM)
As of Friday, shares of monday.com were priced astatine $78.14, down astir 75% implicit the past twelvemonth and good underperforming the S&P 500, which is alternatively up astir 25%.

Company overview

Metric

Value

Market Capitalization	$4 billion
Revenue (TTM)	$1.3 billion
Net Income (TTM)	$119.4 million

Company snapshot

monday.com offers a cloud-based Work OS level with modular gathering blocks for task management, CRM, marketing, bundle development, and different workflow solutions.
The steadfast serves organizations successful the United States, Europe, the Middle East, Africa, and internationally.
It is headquartered successful Tel Aviv-Yafo, Israel, with a planetary lawsuit basal spanning aggregate industries.

monday.com is simply a exertion institution specializing successful cloud-based bundle solutions that streamline enactment absorption and collaboration for businesses worldwide. The institution leverages a modular level strategy to code divers operational needs crossed industries. With a planetary lawsuit basal and a absorption connected scalable, subscription-driven growth, monday.com aims to present flexible tools that heighten organizational productivity and efficiency.

What this transaction means for investors

Conifer appears to beryllium looking past monday.com's brutal banal show and focusing alternatively connected a concern that continues to turn quickly, make cash, and determination upmarket. And to beryllium fair, the company's latest results, released conscionable past week, bash assistance explicate the appeal. First-quarter gross roseate 24% twelvemonth implicit twelvemonth to $351.3 million, portion GAAP operating income doubled to $19.8 million. Perhaps much importantly for a bundle institution successful today's market, monday.com generated much than $100 cardinal successful operating currency travel during the 4th and ended March with astir $1 cardinal successful currency and equivalents.

The institution is besides winning larger customers astatine an awesome pace. Customers generating much than $100,000 successful yearly recurring gross jumped 39% twelvemonth implicit year, portion those generating much than $500,000 surged 74%. Plus, absorption precocious launched its AI Work Platform with autochthonal AI agents and raised expectations for full-year gross of arsenic overmuch arsenic $1.47 billion.

In different words, Conifer is buying a profitable bundle institution that is inactive increasing good annually and positioning itself for the adjacent question of AI-driven workplace automation. The broader marketplace has been brutal to galore bundle stocks, but the underlying concern present appears acold healthier than the stock terms would indicate.

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