SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.5% Stake in Monday.com Ltd
Beneficial Ownership Disclosure
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed a Schedule 13G, disclosing a beneficial ownership of 5.5% in Monday.com Ltd's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 2,701,950.49 shares of MONDAY.COM LTD's common stock.
- This aggregate amount represents 5.5% of the total outstanding common stock of MONDAY.COM LTD.
- FMR LLC holds sole voting power over 2,560,048.87 shares and sole dispositive power over 2,701,950.49 shares.
- Abigail P. Johnson holds sole dispositive power over 2,701,950.49 shares, with no sole or shared voting power directly attributed to her in this filing.
- The filing indicates that FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual.
- The Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power, and are deemed to form a controlling group with respect to FMR LLC.
- The filing is a joint submission under Rule 13d-1(k)(1) agreement, reflecting the beneficial ownership of FMR LLC, its subsidiaries, and affiliates.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It indicates a significant, passive investment by a major financial institution, which can be seen as a positive signal of confidence, but the document itself does not contain promotional or negative language.
Industry Context
This Schedule 13G filing indicates a significant passive investment by a major institutional investor, FMR LLC (Fidelity), and its principal, Abigail P. Johnson, in Monday.com Ltd. Such filings are routine disclosures for investors acquiring more than 5% of a company's shares for passive investment purposes, signaling confidence in the company's long-term prospects without intending to influence control. Monday.com operates in the project management and work operating system software industry, a growing sector driven by digital transformation and remote work trends.
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a prominent institutional investor like FMR LLC may be viewed positively, potentially signaling institutional confidence in Monday.com Ltd's value and future prospects. This could indirectly influence investor sentiment and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of signing and filing of the Schedule 13G. |
Keywords
MONDAY.COM LTD, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Software, Work Management
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