This Software Stock Is Down 35% but Here's Why It Just Became a $4 Million Bet

On November 13, Montreal-based Formula Growth disclosed a new position in monday.com (NASDAQ:MNDY), acquiring 20,000 shares valued at nearly $3.9 million during the third quarter, according to an SEC filing.According to a filing with the Securities and Exchange Commission dated November 13, Formula Growth reported establishing a new equity stake in monday.com (NASDAQ:MNDY). The fund added 20,000 shares, resulting in a quarter-end position valued at nearly $3.9 million.The new stake in monday.com accounts for 1.4% of Formula Growth’s reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool