GW&K Investment Management LLC Has $55.48 Million Position in HubSpot Inc (NYSE:HUBS)

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GW&K Investment Management LLC grew its stake in HubSpot Inc (NYSE:HUBS) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,957 shares of the software maker’s stock after purchasing an additional 43,760 shares during the period. HubSpot comprises approximately 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 24th largest position. GW&K Investment Management LLC owned 0.86% of HubSpot worth $55,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HUBS. Quest Capital Management Inc. ADV acquired a new stake in HubSpot during the 3rd quarter worth approximately $32,000. Duncker Streett & Co. Inc. acquired a new stake in HubSpot during the 2nd quarter worth approximately $34,000. Capital Investment Advisory Services LLC acquired a new stake in HubSpot during the 2nd quarter worth approximately $36,000. Pearl River Capital LLC acquired a new stake in HubSpot during the 2nd quarter worth approximately $48,000. Finally, FTB Advisors Inc. boosted its position in HubSpot by 58.8% during the 2nd quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock worth $59,000 after buying an additional 130 shares during the period. Institutional investors own 92.53% of the company’s stock.

NYSE HUBS traded down $1.36 during mid-day trading on Friday, hitting $141.33. The company’s stock had a trading volume of 601,938 shares, compared to its average volume of 585,708. The company’s 50 day simple moving average is $155.85 and its 200 day simple moving average is $174.34. HubSpot Inc has a twelve month low of $108.39 and a twelve month high of $207.98. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of -138.56 and a beta of 1.62.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. HubSpot had a negative net margin of 8.68% and a negative return on equity of 6.15%. The business had revenue of $173.62 million during the quarter, compared to the consensus estimate of $168.82 million. During the same quarter last year, the firm posted $0.17 EPS. HubSpot’s revenue was up 31.7% compared to the same quarter last year. As a group, research analysts forecast that HubSpot Inc will post -0.74 EPS for the current year.

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of HubSpot to $182.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity cut their target price on shares of HubSpot from $210.00 to $170.00 in a research report on Wednesday. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lowered their price target on shares of HubSpot from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Compass Point began coverage on shares of HubSpot in a report on Tuesday, August 13th. They set a “buy” rating and a $222.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $192.58.

In related news, CFO Kathryn Bueker sold 544 shares of HubSpot stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $149.50, for a total value of $81,328.00. Following the completion of the sale, the chief financial officer now owns 37,003 shares of the company’s stock, valued at approximately $5,531,948.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the completion of the sale, the chief executive officer now directly owns 743,404 shares of the company’s stock, valued at approximately $142,726,133.96. The disclosure for this sale can be found here. In the last three months, insiders sold 51,044 shares of company stock valued at $8,512,063. 8.30% of the stock is currently owned by insiders.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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