Night Watch Investment Management released its Q4 2025 investor letter, citing stable performance despite stock market volatility. Top five holdings are highlighted. Endava plc (NYSE:DAVA) is discussed in the letter as a technology services provider with a market cap of $362.365 million. The stock closed at $6.67 per share on January 6, 2026.

In its Q4 2025 investor letter, Night Watch Investment Management discussed Endava plc (NYSE:DAVA) as an IT services provider with potential for growth. The market perceives DAVA as an AI loser, but the firm sees opportunities in lower costs leading to higher project volumes. The stock is not among the 30 most popular stocks among hedge funds.

Endava plc (NYSE:DAVA) is not listed as one of the 30 most popular stocks among hedge funds, but 14 hedge fund portfolios held the stock at the end of Q3 2025. While acknowledging its potential, the firm believes other AI stocks offer better upside potential with less downside risk. Check out their report on the best short-term AI stock.

Read more at Yahoo Finance: Will Endava (DAVA) be Able to Bounce Back?