Insight Holdings Exits monday.com Stake as of Dec 31, 2023

TL;DR

**Insight Holdings Group just fully exited its monday.com position.**

AI Summary

Insight Holdings Group, LLC, a major investment firm, has filed an Amendment No. 2 to its Schedule 13G, indicating an "Exit Filing" for its position in monday.com Ltd. As of December 31, 2023, Insight Holdings Group, LLC no longer holds a reportable ownership stake in monday.com Ltd. This matters to investors because a significant institutional investor has completely divested its shares, which could signal a change in their outlook on the company's future prospects or a reallocation of capital.

Why It Matters

This exit filing means a major institutional investor, Insight Holdings Group, LLC, has sold all its shares in monday.com Ltd., potentially signaling a loss of confidence or a strategic shift that could influence other investors.

Risk Assessment

Risk Level: medium — The complete divestment by a large institutional investor like Insight Holdings Group, LLC could be perceived negatively by the market, potentially leading to downward pressure on monday.com's stock price.

Analyst Insight

A smart investor would monitor monday.com's stock performance closely in the coming days and weeks, considering that a significant institutional investor has fully divested, which could signal underlying concerns or a shift in market sentiment. It would be prudent to research any recent company news or analyst reports that might explain this exit.

Key Players & Entities

• Insight Holdings Group, LLC (company) — the filing entity that has exited its position
• monday.com Ltd. (company) — the subject company whose shares were held
• December 31, 2023 (date) — the date of the event requiring the filing, indicating when the exit was completed
• Amendment No. 2 (context) — the specific amendment number of the Schedule 13G filing
• Exit Filing (context) — the nature of the filing, indicating a complete divestment

Forward-Looking Statements

• monday.com's stock price may experience short-term volatility due to the news of a major institutional investor's complete exit. (monday.com Ltd.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• s020824a.htm (SC 13G/A) — 198KB
• s020824b.htm (EX-99.1) — 13KB
• 0000899140-24-000182.txt ( ) — 214KB

(a)

Item 1(a). Name of Issuer: monday.com Ltd. (the "Issuer")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 6 Yitzhak Sadeh Street, Tel Aviv-Yafo, Israel, 6777506

(a)

Item 2(a). Name of Person Filing: This Statement is being filed by the following persons (each a "Reporting Person" and, collectively, the "Reporting Persons"): (i) Grace Software Cross Fund Holdings, L.P., a Cayman Islands exempted limited partnership ("Grace"); (ii) Grace Software Holdings II GP, LLC, a Cayman Islands limited liability company ("Grace GP"); (iii) Insight Associates XI, L.P., a Cayman Islands exempted limited partnership ("IA XI LP"); (iv) Insight Associates XI, Ltd., a Cayman Islands exempted company ("IA XI Ltd"); (v) IG Aggregator, L.P., a Cayman Islands exempted limited partnership ("IGA"); (vi) Insight Venture Associates X, L.P., a Cayman Islands exempted limited partnership ("IVA X LP"); (vii) Insight Venture Associates X, Ltd., a Cayman Islands exempted company ("IVA X Ltd"); (viii) Insight Venture Partners IX, L.P., a Cayman Islands exempted limited partnership ("IVP IX"); (ix) Insight Venture Partners (Cayman) IX, L.P., a Cayman Islands exempted limited partnership ("Cayman IX"); (x) Insight Venture Partners (Delaware) IX, L.P., a Delaware limited partnership ("Delaware IX"); (xi) Insight Venture Partners IX (Co-Investors), L.P., a Cayman Islands exempted limited partnership ("Co-Investors IX", and together with IVP IX, Cayman IX and Delaware IX, the "Fund IX Entities"); (xii) Insight Venture Associates IX, L.P., a Cayman Islands exempted limited partnership ("IVA IX LP"); (xiii) Insight Venture Associates IX, Ltd., a Cayman Islands exempted company ("IVA IX Ltd"); and (xiv) Insight Holdings Group, LLC, a Delaware limited liability company ("Holdings"). The general partner of each of the Fund IX Entities is IVA IX LP, whose general partner in turn is IVA IX Ltd. The general partner of IGA is IVA X LP, whose general partner in turn is IVA X Ltd. The general partner of Grace is Grace GP, whose manager in turn is IA XI LP, and whose general partner in turn is IA XI Ltd. The sole shareholder of each of IVA IX Ltd, IVA X Ltd and IA XI Ltd is

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the principal business and principal office of each of the Reporting Persons is c/o Insight Partners, 1114 Avenue of the Americas, 36 th Floor, New York, New York 10036.

(c)

Item 2(c). Citizenship: See Item 2(a).

(d)

Item 2(d). Title of Class of Securities: Ordinary shares, no par value

(e)

Item 2(e). CUSIP Number: M7S64H106 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Exchange Act. (b) Bank as defined in Section 3(a)(6) of the Exchange Act. (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) Investment company registered under Section 8 of the Investment Company Act. (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Not applicable. Item 4. Ownership. The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover pages hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. The Reporting Persons are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Secu