Hedge Funds Won’t Stop Buying HubSpot Inc (HUBS)

As one would reasonably expect, specific money managers have jumped into HubSpot Inc (NYSE:HUBS) headfirst. Two Sigma Advisors assembled the most outsized position in HubSpot Inc (NYSE:HUBS). Two Sigma Advisors had $8.7 million invested in the company at the end of the quarter. Christopher Lord’s Criterion Capital also made a $6.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Charles Clough’s Clough Capital Partners, Glenn Russell Dubin’s Highbridge Capital Management, and Philip Hempleman’s Ardsley Partners.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as HubSpot Inc (NYSE:HUBS) but similarly valued. These stocks are Proto Labs Inc (NYSE:PRLB), Exponent, Inc. (NASDAQ:EXPO), Children’s Place Retail Stores, Inc. (NASDAQ:PLCE), and G&K Services Inc (NASDAQ:GK). This group of stocks’ market valuations resemble HUBS’s market valuation.

As you can see these stocks had an average of 12.5 hedge funds with bullish positions and the average amount invested in these stocks was $136 million. That figure was $135 million in HUBS’s case. Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) is the most popular stock in this table. On the other hand Exponent, Inc. (NASDAQ:EXPO) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks HubSpot Inc (NYSE:HUBS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and continue to grow more confident in it, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None