Wix Shares Down 70% Over Year as SEC Filings Reveal Full Exits by Foxhaven and Metavasi

Overview

• Foxhaven Asset Management reported selling 689,041 Wix shares, a position valued at $122.39 million at the prior quarter’s end.
• Metavasi Capital disclosed selling its entire 37,000‑share stake, with the quarter‑end value of the position down by $6.57 million.
• Wix shares were priced at $68.07 on Feb. 17, down about 70% year over year versus roughly a 15% gain for the S&P 500.
• The dollar amounts cited reflect prior portfolio valuations from SEC ownership reports rather than confirmed sale proceeds.
• Wix’s recent updates noted 14% year‑over‑year growth in third‑quarter revenue and bookings, $127 million in quarterly free cash flow, raised full‑year bookings guidance to $2.06–$2.08 billion, and AI product Base44 tracking to at least $50 million in ARR.