Citigroup Inc. Raises Stake in HubSpot, Inc. (NYSE:HUBS)

Citigroup Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS) by 17.4% during the 3rd quarter, Holdings Channel reports. The fund owned 26,285 shares of the software maker’s stock after purchasing an additional 3,895 shares during the period. Citigroup Inc.’s holdings in HubSpot were worth $13,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in HubSpot by 17.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after purchasing an additional 86,688 shares during the period. Marshall Wace LLP raised its stake in shares of HubSpot by 88.7% during the 2nd 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 during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after buying an additional 68,827 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of HubSpot by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock worth $103,416,000 after buying an additional 4,331 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in HubSpot by 1.2% during the second quarter. Fiera Capital Corp now owns 166,519 shares of the software maker’s stock worth $98,211,000 after acquiring an additional 2,019 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,391 shares of company stock worth $29,101,488. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HUBS shares. Oppenheimer boosted their price target on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Evercore ISI upped their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price objective on HubSpot from $600.00 to $710.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $672.68.

HubSpot Stock Down 1.0 %

Shares of HUBS opened at $722.76 on Friday. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $754.56. The stock has a fifty day simple moving average of $593.23 and a two-hundred day simple moving average of $555.52. The company has a market capitalization of $37.31 billion, a PE ratio of -2,676.79, a price-to-earnings-growth ratio of 88.96 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. As a group, equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

HubSpot Company Profile

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.