5 Back-to-Work Stocks to Buy Now

4. HubSpot, Inc. (NYSE:HUBS)

Number of Hedge Fund Holders: 48 

HubSpot, Inc. (NYSE:HUBS) owns and operates a cloud-based customer relationship management platform. The stock has gained in the past few days after reports that tech giant Amazon is interested in buying out the firm. The firm is also likely to receive an influx of new orders as offices reopen and business resumes in the post-pandemic economy. 

HubSpot, Inc. (NYSE:HUBS) recently posted earnings for the third quarter, reporting earnings per share of $0.54, beating estimates by $0.10. The revenue over the period was $339 million, beating estimates by $12.6 million. 

Among the hedge funds being tracked by Insider Monkey, California-based investment firm SCGE Management is a leading shareholder in HubSpot, Inc. (NYSE:HUBS) with 1.4 million shares worth more than $951 million. 

In its Q2 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and HubSpot, Inc. (NYSE:HUBS) was one of them. Here is what the fund said:

“HubSpot has its roots in marketing automation software for small and medium-sized businesses, but during our ownership period has steadily expanded its offering to become a broad front-office solution suite across marketing, sales, service, website content management and customer data analytics (and has simultaneously enriched these tools to attract larger customers). The pandemic has prompted companies across the globe to modernize their customer-facing software at a record pace as they increasingly rely on their digital capabilities. HubSpot’s ability to meet this need was on full display in its recent earnings results. New customer additions hit a record pace (+45% YoY), and the company demonstrated both high retention of existing customers and strong progress in driving higher adoption of additional software modules. Furthermore, the company’s sales and marketing spend is getting more efficient, which is driving a steady increase in margins. Given the positive profit cycle momentum, we added to our position at a valuation we consider attractive.”