HubSpot, Inc. (NYSE:HUBS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 58.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189 shares of the software maker’s stock after purchasing an additional 70 shares during the quarter. GAMMA Investing LLC’s holdings in HubSpot were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in HubSpot by 62.1% during the first quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after acquiring an additional 604,554 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock worth $1,211,535,000 after acquiring an additional 176,336 shares during the last quarter. Fred Alger Management LLC increased its stake in HubSpot by 516.2% during the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock worth $96,307,000 after acquiring an additional 136,793 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HubSpot by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock valued at $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after buying an additional 113,555 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

NYSE:HUBS opened at $559.88 on Tuesday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The firm has a market capitalization of $28.53 billion, a P/E ratio of -211.28, a P/E/G ratio of 7,193.98 and a beta of 1.64. The business has a 50 day simple moving average of $506.44 and a 200 day simple moving average of $556.42.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.17) EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HUBS. Royal Bank of Canada reiterated an “outperform” rating and issued a $700.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Wells Fargo & Company lowered their target price on HubSpot from $650.00 to $625.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI lowered their target price on HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group lowered their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup lowered their target price on HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus price target of $611.83.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total transaction of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawson Alyssa Harvey sold 384 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $467.23, for a total value of $179,416.32. Following the completion of the sale, the insider now directly owns 9,735 shares in the company, valued at $4,548,484.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,321 shares of company stock valued at $3,374,089 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.