5 Best Advertising and Ad Tech Stocks To Buy Now

4. HubSpot, Inc. (NYSE:HUBS)

Number of Hedge Fund Holders: 58

HubSpot, Inc. (NYSE:HUBS) provides a cloud-based customer relationship management platform for businesses in the Americas, Europe, and the Asia Pacific. The platform helps bring businesses closer to clients by allowing a wide variety of functionalities for marketing and sales departments to manage data in one place. By the end of the fourth quarter of 2021, 58 hedge funds were bullish on HubSpot, Inc. (NYSE:HUBS) having stakes of more than $2.47 billion in the company.

This February HubSpot, Inc. (NYSE:HUBS) reported fourth-quarter 2021 revenues of $369.31 million, up 46.51% year over year, and beat revenue estimates by $11.79 million. The company’s earnings per share came to $0.58, beating expert estimates by $0.05. On February 11, BMO Capital analyst Keith Bachman raised his price target on HubSpot, Inc. (NYSE:HUBS) to $675 from $640 and maintained an Outperform rating on the shares after the company’s Q4 2021 earnings outperformed.

As of April 7, 2022, SCGE Management is the most prominent stakeholder in HubSpot, Inc. (NYSE:HUBS) owning over 1.3 million shares of stock. SCGE Management’s stakes in the company were valued at $904.05 million, which represents 10.25% of the fund’s Q4 2021 investment portfolio.

ClearBridge Investments, an investment management firm, mentioned HubSpot, Inc. (NYSE:HUBS) in its third-quarter 2021 investor letter. Here is what the firm had to say:

“Performance among our cohort of IT and Internet companies was mixed, with enterprise software makers thriving while more consumer-oriented stocks faced headwinds. HubSpot saw greater utilization of its marketing software by small and medium size businesses. We are attracted to the recurring revenue nature of these software companies that are increasingly delivering their products on a subscription basis through the cloud. Software business models also tend to avoid many of the inflationary issues facing companies with a physical product or service.”