What to Know About This Fund's $28 Million SaaS Stock Exit After a 15% Decline

1 day ago 4

Jonathan Ponciano, The Motley Fool

Fri, May 22, 2026 astatine 10:52 AM CDT 3 min read

Wishbone Management reported a afloat exit from Lightspeed Commerce (NYSE:LSPD) arsenic of its May 14, 2026, SEC filing, with an estimated $27.96 cardinal merchantability based connected quarterly mean pricing.

What happened

According to a May 14, 2026, SEC filing, Wishbone Management sold its full 2,800,000-share involvement successful Lightspeed Commerce (NYSE:LSPD) during the archetypal 4th of 2026. The estimated transaction worth was $27.96 million, calculated utilizing the mean closing terms for the quarter. The determination eliminated the position, which had antecedently represented a important information of the fund's assets.

What other to cognize

Top holdings aft the filing:
- NYSE:CPA: $53.68 cardinal (39.6% of AUM)
- NASDAQ:AVT: $40.36 cardinal (29.8% of AUM)
- NASDAQ:ROP: $31.85 cardinal (23.5% of AUM)
- NASDAQ:MCHP: $9.69 cardinal (7.1% of AUM)
As of May 14, 2026, Lightspeed Commerce shares were priced astatine $8.81, down astir 15% implicit the past twelvemonth and underperforming the S&P 500, which is alternatively up astir 25% successful the aforesaid period.

Company Overview

Metric

Value

Revenue (TTM)	$1.19 billion
Net Income (TTM)	($691.79 million)
Market Capitalization	$1.2 billion
Price (as of marketplace adjacent May 14, 2026)	$8.81

Company Snapshot

Lightspeed Commerce offers a cloud-based SaaS level featuring omni-channel point-of-sale (POS), payments, analytics, inventory, and lawsuit absorption solutions, on with hardware and implementation services.
The steadfast generates gross chiefly done recurring bundle subscriptions, outgo processing fees, and income of POS hardware and related services.
It serves tiny and midsize businesses, including retailers, restaurants, and play people operators crossed North America, Europe, and Australia.

Lightspeed Commerce is simply a exertion institution specializing successful commerce-enabling bundle and integrated outgo solutions for tiny and midsize enterprises. The institution leverages a scalable SaaS concern exemplary to present recurring gross and operational ratio for its clients. Its wide planetary footprint and broad merchandise suite presumption it arsenic a competitory supplier successful the retail and hospitality exertion market.

What this transaction means for investors

Wishbone’s exit from a antecedently important presumption suggests that the money whitethorn person mislaid assurance successful however agelong it volition instrumentality the marketplace to reward Lightspeed's turnaround. The money besides exited different positions past 4th (Accenture and EPAM), and it bought into Microchip Technology.

Fundamentally, Lightspeed’s fiscal 2026 revenue, arsenic reported connected Thursday, climbed 14% to $1.23 billion, gross nett roseate 17% to $526.9 million, and the institution generated $55.5 cardinal of operating currency travel compared with a currency outflow a twelvemonth earlier. Meanwhile, the company's halfway maturation engines, North American retail and European hospitality, continued gaining traction, with gross up 24% and astir 3,200 nett lawsuit locations added during the quarter.

For semipermanent investors, the cardinal question is whether Lightspeed tin construe improving profitability and payments adoption into sustained net growth. The marketplace is being peculiarly brutal to bundle stocks, and immoderate investors mightiness not beryllium consenting to wait.

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