Whetstone Capital Fully Exits monday.com Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy MNDY?
Source: Fool
- Share Sale Details: Whetstone Capital disclosed on February 13, 2026, that it sold all 79,172 shares of monday.com during Q4 2025, valued at approximately $15.33 million, resulting in a decrease in quarter-end position value due to both share disposition and price movement.
- Market Performance Analysis: As of February 12, 2026, monday.com shares were priced at $73.63, reflecting a 76.8% decline over the past year, significantly underperforming the S&P 500 Index by 89.7 percentage points, indicating its weak market position.
- Investor Impact: This transaction represents the largest of the 12 positions Whetstone closed in Q4 2025; while the fund did not elaborate on its decision, it suggests a cautious stance towards SaaS stocks amid AI advancements potentially replacing their functions.
- Industry Outlook: Despite the sale of monday.com, Whetstone continues to hold 54 tech-related stocks and opened a position in fintech stock Block in Q4, indicating ongoing interest in technology investments, even as the market landscape evolves.
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Analyst Views on MNDY
Wall Street analysts forecast MNDY stock price to rise
20 Analyst Rating
18 Buy
2 Hold
0 Sell
Strong Buy
Current: 76.000
Low
195.00
Averages
235.58
High
310.00
Current: 76.000
Low
195.00
Averages
235.58
High
310.00
About MNDY
Monday.Com Ltd is an Israel-based company engaged primarily in the software sector. The Company provides cloud-based platform that enables its users to create custom applications and project management software. The platform offers a Work Operating System (Work OS) that provides modular building blocks to create software applications and work management tools. This system is designed to enhance team collaboration and streamline workflows across various business functions, including project management, CRM, marketing, and more. The Company has teams in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Kiev, and Sydney. The Company customize its platform to suit any business vertical and serves customers worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Whetstone Capital Fully Exits monday.com Position
- Share Sale Details: Whetstone Capital disclosed on February 13, 2026, that it sold all 79,172 shares of monday.com during Q4 2025, valued at approximately $15.33 million, resulting in a decrease in quarter-end position value due to both share disposition and price movement.
- Market Performance Analysis: As of February 12, 2026, monday.com shares were priced at $73.63, reflecting a 76.8% decline over the past year, significantly underperforming the S&P 500 Index by 89.7 percentage points, indicating its weak market position.
- Investor Impact: This transaction represents the largest of the 12 positions Whetstone closed in Q4 2025; while the fund did not elaborate on its decision, it suggests a cautious stance towards SaaS stocks amid AI advancements potentially replacing their functions.
- Industry Outlook: Despite the sale of monday.com, Whetstone continues to hold 54 tech-related stocks and opened a position in fintech stock Block in Q4, indicating ongoing interest in technology investments, even as the market landscape evolves.
See More
Whetstone Capital Fully Exits monday.com Position
- Position Change: On February 13, 2026, Whetstone Capital Advisors disclosed in an SEC filing that it sold all 79,172 shares of monday.com during Q4 2025, with an estimated trade value of $15.33 million, resulting in a $15.33 million decrease in quarter-end position value due to both share sale and price movement.
- AUM Impact: This transaction represented a 4.8% change in Whetstone's 13F reportable assets under management (AUM), with the position previously accounting for 4.2% of the fund's AUM in the prior quarter, highlighting the significance of monday.com in its portfolio.
- Market Trend: The sale reflects Whetstone's cautious stance towards SaaS stocks, particularly as AI technology increasingly replaces their functions and the market positioning remains unclear, indicating a prudent approach to future market changes.
- Investor Guidance: While Whetstone exited monday.com, it still holds 54 stocks tied to the tech sector and opened a position in fintech stock Block in Q4, demonstrating ongoing interest in the technology space.
See More
TenCore Partners Increases Stake in MercadoLibre Stock
- Increased Holdings: TenCore Partners disclosed a purchase of 2,025 shares of MercadoLibre in Q4 2025, valued at approximately $4.25 million, indicating confidence in the Latin American e-commerce giant despite competitive pressures.
- Asset Management Proportion: This acquisition raised MercadoLibre's share to 6.16% of TenCore Partners' 13F reportable AUM, reflecting its significance in the investment portfolio and potentially influencing future investment decisions.
- Financial Performance: MercadoLibre reported a 37% year-over-year revenue growth in the first nine months of 2025, but rising costs limited net income growth to just 13%, indicating challenges in profitability that could affect stock performance.
- Market Outlook: Despite competitive pressures from Amazon and others, improving economic conditions in Argentina and Venezuela could provide opportunities for MercadoLibre's e-commerce business, suggesting that TenCore's increased investment may yield returns in the future.
See More
TenCore Partners Increases MercadoLibre Stake by 2,025 Shares
- Stake Increase: TenCore Partners, LP increased its position in MercadoLibre by 2,025 shares during Q4 2025, with an estimated trade value of $4.25 million, reflecting confidence in the Latin American e-commerce giant.
- Value Growth: By year-end 2025, the value of MercadoLibre's stake rose by $2.80 million, showcasing the dual impact of market price changes and the purchase, thereby enhancing the fund's assets under management.
- Asset Allocation: TenCore Partners held 5,983 shares of MercadoLibre valued at $12.05 million, accounting for 6.16% of the fund's AUM, indicating its significance despite not being in the top five holdings.
- Market Challenges: Although MercadoLibre's revenue grew by 37% in the first nine months of 2025, profit growth was limited to 13% due to increased competition and rising non-performing loans, which may affect TenCore's investment returns.
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Figma Launches AI Design Conversion Feature
- AI Design Conversion Feature: Figma has partnered with Anthropic to launch the 'Code to Canvas' feature, which converts code generated by AI tools into editable designs, aiming to enhance team efficiency despite the risk of AI tools potentially replacing design roles.
- Market Reaction: Since its IPO last summer, Figma's stock has plummeted approximately 85% from its 52-week high of $142.92, reflecting the broader malaise in the SaaS sector amid what traders are calling the 'SaaSpocalypse'.
- Industry Impact: As AI tools continue to advance, the design refinement step may be skipped altogether, posing a challenge to Figma's market positioning and potentially affecting its future user retention and market share.
- Upcoming Earnings Report: Figma is set to release its earnings report after market close on Wednesday, with high investor interest in how the company plans to navigate current market pressures and competitive dynamics.
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Analysis of Kyndryl and Monday.com Quarterly Report Fallout
- Kyndryl Financial Crisis: Kyndryl's CFO and General Counsel were dismissed, leading to a delay in quarterly filings and an inability to verify the effectiveness of internal controls over financial reporting, resulting in a more than 50% drop in stock price, indicating severe market concerns about its financial health and potential investor confidence collapse.
- Monday.com Performance Decline: Despite reporting mid-20% revenue growth, Monday.com faced a significant market reaction with stock prices dropping over 20% due to falling operating income and margins, reflecting investor pessimism about its future growth and potential market share loss.
- Surge in Capital Expenditures: Major tech companies like Alphabet and Meta reported a total capital expenditure of $400 billion over the last four quarters, highlighting fierce competition for AI infrastructure, which may lead to future financial strain and market instability.
- CoreWeave's High Leverage Risk: CoreWeave carries $14 billion in debt with over $300 million in quarterly interest payments, and despite strong market performance, its high leverage and reliance on future revenue raise significant bankruptcy risks, necessitating cautious evaluation of its sustainability.
See More
Whetstone Capital Fully Exits monday.com Position
- Share Sale Details: Whetstone Capital disclosed on February 13, 2026, that it sold all 79,172 shares of monday.com during Q4 2025, valued at approximately $15.33 million, resulting in a decrease in quarter-end position value due to both share disposition and price movement.
- Market Performance Analysis: As of February 12, 2026, monday.com shares were priced at $73.63, reflecting a 76.8% decline over the past year, significantly underperforming the S&P 500 Index by 89.7 percentage points, indicating its weak market position.
- Investor Impact: This transaction represents the largest of the 12 positions Whetstone closed in Q4 2025; while the fund did not elaborate on its decision, it suggests a cautious stance towards SaaS stocks amid AI advancements potentially replacing their functions.
- Industry Outlook: Despite the sale of monday.com, Whetstone continues to hold 54 tech-related stocks and opened a position in fintech stock Block in Q4, indicating ongoing interest in technology investments, even as the market landscape evolves.
See More
Whetstone Capital Fully Exits monday.com Position
- Position Change: On February 13, 2026, Whetstone Capital Advisors disclosed in an SEC filing that it sold all 79,172 shares of monday.com during Q4 2025, with an estimated trade value of $15.33 million, resulting in a $15.33 million decrease in quarter-end position value due to both share sale and price movement.
- AUM Impact: This transaction represented a 4.8% change in Whetstone's 13F reportable assets under management (AUM), with the position previously accounting for 4.2% of the fund's AUM in the prior quarter, highlighting the significance of monday.com in its portfolio.
- Market Trend: The sale reflects Whetstone's cautious stance towards SaaS stocks, particularly as AI technology increasingly replaces their functions and the market positioning remains unclear, indicating a prudent approach to future market changes.
- Investor Guidance: While Whetstone exited monday.com, it still holds 54 stocks tied to the tech sector and opened a position in fintech stock Block in Q4, demonstrating ongoing interest in the technology space.
See More
TenCore Partners Increases Stake in MercadoLibre Stock
- Increased Holdings: TenCore Partners disclosed a purchase of 2,025 shares of MercadoLibre in Q4 2025, valued at approximately $4.25 million, indicating confidence in the Latin American e-commerce giant despite competitive pressures.
- Asset Management Proportion: This acquisition raised MercadoLibre's share to 6.16% of TenCore Partners' 13F reportable AUM, reflecting its significance in the investment portfolio and potentially influencing future investment decisions.
- Financial Performance: MercadoLibre reported a 37% year-over-year revenue growth in the first nine months of 2025, but rising costs limited net income growth to just 13%, indicating challenges in profitability that could affect stock performance.
- Market Outlook: Despite competitive pressures from Amazon and others, improving economic conditions in Argentina and Venezuela could provide opportunities for MercadoLibre's e-commerce business, suggesting that TenCore's increased investment may yield returns in the future.
See More
TenCore Partners Increases MercadoLibre Stake by 2,025 Shares
- Stake Increase: TenCore Partners, LP increased its position in MercadoLibre by 2,025 shares during Q4 2025, with an estimated trade value of $4.25 million, reflecting confidence in the Latin American e-commerce giant.
- Value Growth: By year-end 2025, the value of MercadoLibre's stake rose by $2.80 million, showcasing the dual impact of market price changes and the purchase, thereby enhancing the fund's assets under management.
- Asset Allocation: TenCore Partners held 5,983 shares of MercadoLibre valued at $12.05 million, accounting for 6.16% of the fund's AUM, indicating its significance despite not being in the top five holdings.
- Market Challenges: Although MercadoLibre's revenue grew by 37% in the first nine months of 2025, profit growth was limited to 13% due to increased competition and rising non-performing loans, which may affect TenCore's investment returns.
See More
Figma Launches AI Design Conversion Feature
- AI Design Conversion Feature: Figma has partnered with Anthropic to launch the 'Code to Canvas' feature, which converts code generated by AI tools into editable designs, aiming to enhance team efficiency despite the risk of AI tools potentially replacing design roles.
- Market Reaction: Since its IPO last summer, Figma's stock has plummeted approximately 85% from its 52-week high of $142.92, reflecting the broader malaise in the SaaS sector amid what traders are calling the 'SaaSpocalypse'.
- Industry Impact: As AI tools continue to advance, the design refinement step may be skipped altogether, posing a challenge to Figma's market positioning and potentially affecting its future user retention and market share.
- Upcoming Earnings Report: Figma is set to release its earnings report after market close on Wednesday, with high investor interest in how the company plans to navigate current market pressures and competitive dynamics.
See More
Analysis of Kyndryl and Monday.com Quarterly Report Fallout
- Kyndryl Financial Crisis: Kyndryl's CFO and General Counsel were dismissed, leading to a delay in quarterly filings and an inability to verify the effectiveness of internal controls over financial reporting, resulting in a more than 50% drop in stock price, indicating severe market concerns about its financial health and potential investor confidence collapse.
- Monday.com Performance Decline: Despite reporting mid-20% revenue growth, Monday.com faced a significant market reaction with stock prices dropping over 20% due to falling operating income and margins, reflecting investor pessimism about its future growth and potential market share loss.
- Surge in Capital Expenditures: Major tech companies like Alphabet and Meta reported a total capital expenditure of $400 billion over the last four quarters, highlighting fierce competition for AI infrastructure, which may lead to future financial strain and market instability.
- CoreWeave's High Leverage Risk: CoreWeave carries $14 billion in debt with over $300 million in quarterly interest payments, and despite strong market performance, its high leverage and reliance on future revenue raise significant bankruptcy risks, necessitating cautious evaluation of its sustainability.
See More
