Summary Monday.com shares are undervalued after an overblown sell-off, driven by misunderstood guidance and overhyped Google SEO concerns, not real business weakness. The company’s pivot to enterprise customers is working, with record growth in large accounts and new products in CRM, DevSecOps, and AI driving future upside. Monday’s advanced AI tools—Magic, Vibe, and Sidekick—position it…
After a reasonable day in terms of stock trading on Monday, the last couple of days have seen a noticeably sharp sector rotation. There are any number of reasons for that kind of action. Perhaps it was the Palantir plummet, perhaps concerns over the Jackson Hole presentation coming from the Fed Chair, or perhaps from…
Monday shares fell almost 30% on Monday after their quarterly report. In the last month the shares have fallen by 39% and they are down by 26% so far this year. This is not the isolated phenomenon it might seem to be. Other infrastructure software shares have been quite weak. Casualties have included TEAM, Confluent, and…
Sale of 150 shares of CyberArk (Entire Position); Purchase of 200 shares of Pagaya; Purchase of 200 shares of Rubrik; Purchase of 250 shares of Samsara; Purchase of 200 shares of Dynatrace; Purchase of 200 shares of Braze; Purchase of 50 shares of Atlassian; Purchase of 20 shares of Monday We have made some changes…
Monday.com reported its results this morning. The results were quite a bit stronger than expectations. The company reported revenue growth of 30%, and the result was about 2.5% above the prior consensus. EPS of $1.10 for the quarter was actually $0.40 greater than the company had previously forecast. The free cash flow margin for the…
Sometimes it is best to acknowledge a mistake or a misunderstanding, take a loss and move on. I bought Nu understanding that one of the risks of doing so was its domicile in Brazil. Brazil is a lovely country to visit, and it has one of the best resorts at which I ever stayed-Ponta dos…
Summary Monday.com shares are recommended at $278/share due to strong growth prospects, AI initiatives, competitive positioning, and improving cash flow and operating margins. Despite a 20% appreciation in the past four months, Monday’s valuation remains attractive given its 30%+ revenue growth and 30%+ free cash flow margin. Monday’s AI capabilities, including customizable no-code blocks, are…
Sale of 200 shares of Crowdstrike and 250 shares of Monday.com-entire position. Purchase of 400 shares of CFLT; 300 shares of PCOR; 200 shares of AFRM; 600 shares of SentinelOne; and 200 shares of GLBE I started 2024 thinking there would be a few weeks of consolidation after the strong run at the end of 2023. The…
Summary Monday, an Israeli domiciled company, has seen its shares decline significantly since the start of October, in part because of the war in Gaza. While the company at one time had an elevated valuation, the combination of rapid growth, coupled with a very sharp improvement in profitability, has brought valuation to below average. The…
This morning, we are making some changes in the high growth portfolio. We have sold 70 shares of the Trade Desk at $75.71/share. The proceeds of this sale were $5290 and we retain a position of 150 shares of TTD which represents a weighting of 2.7%. We have bought 100 shares of Monday.com at $160.09.…