HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Thematics Asset Management

Thematics Asset Management boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,680 shares of the software maker’s stock after acquiring an additional 2,398 shares during the quarter. Thematics Asset Management’s holdings in HubSpot were worth $6,741,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of HubSpot by 17.9% in the 3rd 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 increased its holdings in 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. TimesSquare Capital Management LLC raised its position in shares of HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after acquiring an additional 68,827 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of HubSpot by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock valued at $103,416,000 after purchasing an additional 4,331 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in HubSpot by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 166,519 shares of the software maker’s stock worth $98,211,000 after purchasing an additional 2,019 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,391 shares of company stock valued at $29,101,488. Corporate insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of HUBS stock traded up $2.41 during trading hours on Tuesday, hitting $734.23. The company had a trading volume of 44,864 shares, compared to its average volume of 593,258. The stock has a market capitalization of $37.90 billion, a PE ratio of -2,710.34, a price-to-earnings-growth ratio of 90.27 and a beta of 1.63. The company’s fifty day moving average is $580.27 and its 200 day moving average is $552.24. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HUBS shares. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research note on Thursday, November 7th. Oppenheimer boosted their price objective on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Raymond James decreased their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group lifted their target price on shares of HubSpot from $550.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and an average target price of $672.68.

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.