Wasatch Long/Short Alpha Fund – ASAN
Bear thesis on Asana, Inc. from Wasatch Long/Short Alpha Fund
Meditation Capital MNDY
Bull thesis on Monday.com Ltd. from Meditation Capital
Optimist Fund MNDY
Bull thesis on Monday.com Ltd. from Optimist Fund
Sands Capital Technology Innovators Fund 2025 Q3 (MNDY)
Pitch Summary: monday.com delivered 27% revenue growth and 15% margins, but shares declined due to weaker guidance and concerns over AI-related top-of-funnel impact from Google’s search changes. Sands believes the selloff is overdone, as management noted these effects are “de minimis.” The firm remains confident in monday.com’s innovation pace and user engagement. :contentReference[oaicite:6]{index=6} BSD Analysis: […]
Sands Capital Technology Innovators Fund (MNDY)
Pitch Summary: monday.com delivered 27% revenue growth and 15% margins, but shares declined due to weaker guidance and concerns over AI-related top-of-funnel impact from Google’s search changes. Sands believes the selloff is overdone, as management noted these effects are “de minimis.” The firm remains confident in monday.com’s innovation pace and user engagement. BSD Analysis: monday.com […]
Asana Inc. (ASAN)
Pitch Summary: Asana is presented as a compelling short opportunity. Despite being down nearly 30% year-to-date, its $3.3B valuation at ~4.3x EV/Expected Sales still implies double-digit annual growth and sharp margin expansion that seem unrealistic in the face of intensifying AI-driven disruption. The company’s flagship “AI Studio” is positioned as its transformational growth driver, yet […]
