The institutional investor Optimist Fund has sold its entire position in Monday.com Ltd. (MNDY), a move attributed to growing discrepancies between the company’s forward guidance and independent analyst forecasts. The exit underscores shifting sentiment among key market participants.
- Optimist Fund sold its entire stake in Monday.com (MNDY) on February 26, 2026.
- Company's FY2026 revenue guidance ($515M) diverges from analyst consensus ($489M), a 5.4% gap.
- Customer acquisition costs rose 18% YoY in international markets.
- MNDY’s Q4 2025 recurring revenue grew 7.3%, but stock declined 12% in 30 days.
- Approximately 1.8 million shares liquidated, valued at $102 million at transaction price.
- The exit reflects growing concern over growth sustainability despite strong near-term metrics.
Optimist Fund has fully divested its holdings in Monday.com Ltd. (MNDY), according to regulatory filings, marking a significant shift in institutional positioning for the SaaS platform provider. The sale occurred on February 26, 2026, amid increasing divergence in projected revenue growth and customer retention metrics between company guidance and third-party estimates. Analyst consensus projections for Monday.com’s fiscal year 2026 revenue have declined by 4.2% over the past quarter, now averaging $489 million, while the company’s internal forecast remains at $515 million. This 5.4% gap has raised concerns about the sustainability of its expansion strategy, particularly in international markets where customer acquisition costs have risen 18% year-over-year. The divestment follows a broader trend of reduced confidence in high-growth SaaS stocks, with MNDY’s stock down 12% over the past 30 days despite a 7.3% increase in quarterly recurring revenue (Q4 2025). The sale represents a liquidation of approximately 1.8 million shares, valued at roughly $102 million at the time of the transaction. Market participants are monitoring this development closely, as institutional exits can signal underlying operational or strategic risks. The move may influence short-term trading activity, especially in the tech and software sectors where forward-looking metrics are heavily weighted in valuation models.