SCHEDULE: FMR LLC Discloses 10% Stake in Monday.com
Beneficial Ownership Disclosure
FMR LLC and its affiliates, including Abigail P. Johnson, have disclosed a 10.0% beneficial ownership stake in Monday.com Ltd. common stock.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 5,076,858.67 shares of Monday.com Ltd. common stock.
- This represents 10.0% of the total outstanding common stock of Monday.com Ltd.
- FMR LLC holds sole voting power over 4,979,647.25 shares and sole dispositive power over 5,076,858.67 shares.
- Abigail P. Johnson holds sole dispositive power over 5,076,858.67 shares, with no sole or shared voting power.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Monday.com Ltd.
- Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, beneficially own shares.
Sentiment
Score: 6
Explanation: The filing is a neutral, factual disclosure of beneficial ownership. However, the disclosure of a significant 10% stake by a prominent institutional investor like FMR LLC can be perceived positively by the market, indicating confidence in the issuer.
Positives
- Significant institutional investment by FMR LLC, a major asset manager, indicates confidence in Monday.com Ltd.
- A 10% stake suggests a long-term investment horizon by a reputable firm.
Future Outlook
NA
Industry Context
The disclosure of a significant stake by a major asset manager like FMR LLC in a software company like Monday.com Ltd. highlights continued institutional interest in the productivity and work management software sector. This type of investment can signal a positive long-term view on the company's market position and growth potential within the broader tech industry.
Related Party Transactions
- FMR LLC, a parent holding company, and its direct and indirect subsidiaries, including Fidelity Management & Research Company LLC, are reported as beneficial owners.
- Abigail P. Johnson, a Director, Chairman, and CEO of FMR LLC, is also reported as a beneficial owner, with her ownership aggregated with FMR LLC's.
- Members of the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares and have a voting agreement, potentially forming a controlling group for FMR LLC.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may increase investor confidence and potentially attract more institutional interest, signaling a positive outlook on the company's long-term prospects.
- Management: Awareness of a large, passive institutional holder like FMR LLC may influence strategic decisions, though the filing states the stake is not for control purposes.
Key Dates
| Date | Description |
|---|---|
| 2023-05-23 | Effective date of Power of Attorney for Richard Bourgelas to sign on behalf of FMR LLC and Abigail P. Johnson. |
| 2023-08-08 | Date of previous Schedule 13G filing by FMR LLC, referenced for Power of Attorney accession number. |
| 2025-06-30 | Date of event which required the filing of this statement (ownership threshold met). |
| 2025-08-05 | Date of signing of the Schedule 13G by FMR LLC and Abigail P. Johnson. |
Keywords
Monday.com, FMR LLC, Abigail P. Johnson, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Common Stock, Software, Work Management
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