Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>HubSpot had a strong first quarter as it continued to execute its bimodal strategy, with net customer additions increasing significantly at the lower end of the market resulting in an all-around beat.</li><li>The connected platform of HubSpot continued to gain momentum, especially Sales Hub, which saw Liquidity Services reduce costs by 50% after adopting it.</li><li>HubSpot's bimodal strategy, which focuses on driving volume at the low market while increasing value upmarket, has proven successful, as demonstrated by the company's strong customer growth in both segments.</li></ul>

HubSpot had a strong first quarter as it continued to execute its bimodal strategy, with net customer additions increasing significantly at the lower end of the market resulting in an all-around beat.The connected platform of HubSpot continued to gain momentum, especially Sales Hub, which saw Liquidity Services reduce costs by 50% after adopting it.HubSpot's bimodal strategy, which focuses on driving volume at the low market while increasing value upmarket, has proven successful, as demonstrated by the company's strong customer growth in both segments.

HubSpot Inc.: Introduction of New AI-Powered Tools & Other Drivers

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>Earnings Season Thus Far- Meanwhile Mixed Economic Messages Earnings season picks up this week with the technology heavyweights like Alphabet, Microsoft, Amazon, and Meta are all set to report their results.</li><li>During the upcoming week, 180 S&amp;P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.</li><li>Overall, 18% of the companies in the S&amp;P 500 have reported actual results for Q1 2023 to date.</li></ul>

Earnings Season Thus Far- Meanwhile Mixed Economic Messages Earnings season picks up this week with the technology heavyweights like Alphabet, Microsoft, Amazon, and Meta are all set to report their results.During the upcoming week, 180 S&amp;P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.Overall, 18% of the companies in the S&amp;P 500 have reported actual results for Q1 2023 to date.

<ul><li>HubSpot delivered profitable growth in the quarter with revenue increasing 35% year on year in constant currency in Q4.</li><li>The company delivered an all-around beat and saw an operating profit margin of 14% in the fourth quarter and 10% for the year.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

HubSpot delivered profitable growth in the quarter with revenue increasing 35% year on year in constant currency in Q4.The company delivered an all-around beat and saw an operating profit margin of 14% in the fourth quarter and 10% for the year.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bigtincan-holdings-ltd" target="_blank" data-smartkarma-citation="entities:29067:1" rel="noopener">Bigtincan Holdings Ltd (BTH AU)</a> disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.</li>
<li>The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.</li>
<li>Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.</li>
</ul>



Bigtincan Holdings Ltd (BTH AU) disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.
The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.
Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.


Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

<ul><li>HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency.</li><li>The company also delivered an earnings beat as it added more than 8000 net new customers this quarter.</li><li>In spite of the more challenging macro environment, HubSpot maintained a healthy growth retention rate largely given its low pricing.</li></ul>

HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency.The company also delivered an earnings beat as it added more than 8000 net new customers this quarter.In spite of the more challenging macro environment, HubSpot maintained a healthy growth retention rate largely given its low pricing.

HubSpot Inc: New Products & Other Drivers

United States

HubSpot, Inc. provides a cloud-based marketing and sales software platform. The Company offers integrated applications that helps in lead generation and social marketing.

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Hubspot Inc (HUBS US)

HubSpot Inc.: Introduction of New AI-Powered Tools & Other Drivers

HubSpot had a strong first quarter as it continued to execute its bimodal strategy, with net customer additions increasing significantly at the...

Baptista Research

Weekly Stock Bullfinder - Week of 4/24

During the upcoming week, 180 S&P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.

Weekly Stock Bull Finder

HubSpot Inc.: Major Drivers

HubSpot delivered profitable growth in the quarter with revenue increasing 35% year on year in constant currency in Q4. The company delivered an...

Baptista Research

Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

Expect the Board to reject the offer as it is light. The indicative offer could spark other interested parties to show their hand. We would be...

Arun George

HubSpot Inc: New Products & Other Drivers

HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency. The company...

Baptista Research

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