Wealth Enhancement Advisory Services LLC Increases Position in HubSpot, Inc.
Summary
On May 11, 2023, Wealth Enhancement Advisory Services LLC ("Wealth Enhancement") reported increasing their stake in HubSpot, Inc. (NYSE:HUBS). According to the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC), Wealth Enhancement now owns 1,073 shares of HubSpot, up from 0 shares previously reported on December 31, 2022. The total value of Wealth Enhancement's HUBS shares is approximately $163,000, based on the closing price of $152.15 per share on May 11, 2023.
About Wealth Enhancement Advisory Services LLC
Wealth Enhancement Advisory Services LLC is an independent registered investment adviser (RIA) that provides comprehensive financial planning and investment management services to individuals, families, and businesses. The firm is headquartered in Minneapolis, Minnesota, and has over $30 billion in assets under management (AUM) as of December 31, 2022.
About HubSpot, Inc.
HubSpot, Inc. is a publicly traded company that provides inbound marketing and sales software to businesses. The company's platform includes tools for marketing automation, content management, social media marketing, and customer relationship management (CRM). HubSpot is headquartered in Cambridge, Massachusetts, and has over 140,000 customers in over 120 countries.
Wealth Enhancement's Investment Thesis and Outlook
Wealth Enhancement's investment in HubSpot is likely based on the company's strong financial performance and growth potential. HubSpot has consistently reported strong revenue growth and profitability in recent years, and the company is expected to continue to grow in the future. Additionally, HubSpot is a leader in the inbound marketing and sales software market, and the company's platform is used by some of the world's largest and most successful businesses.
Wealth Enhancement's investment in HubSpot is a sign of the firm's confidence in the company's future. HubSpot is a well-established and profitable company with a strong track record of growth. The company is also a leader in a growing market, and Wealth Enhancement believes that HubSpot is well-positioned to continue to grow and succeed in the future.
Disclaimer
The information contained in this article is for informational purposes only and should not be construed as investment advice. Investing in stocks involves risk, and investors should always conduct their own research before making any investment decisions.
