Quantinno Capital Management LP Grows Position in HubSpot, Inc. (NYSE:HUBS)

Quantinno Capital Management LP raised its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,720 shares of the software maker’s stock after purchasing an additional 488 shares during the quarter. Quantinno Capital Management LP’s holdings in HubSpot were worth $3,572,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after acquiring an additional 40,138 shares during the period. Holocene Advisors LP increased its stake in HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after acquiring an additional 47,736 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the period. Finally, TimesSquare Capital Management LLC raised 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 worth $110,489,000 after purchasing an additional 68,827 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of HUBS stock opened at $741.67 on Monday. The firm has a fifty day moving average of $617.46 and a two-hundred day moving average of $560.04. The firm has a market cap of $38.29 billion, a P/E ratio of -2,746.93, a P/E/G ratio of 92.07 and a beta of 1.70. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $762.47.

HubSpot (NYSE:HUBS) last posted 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts expect that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,136 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 1,507 shares of HubSpot stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $792,440.88. Following the completion of the transaction, the chief executive officer now directly owns 62,668 shares of the company’s stock, valued at $32,953,341.12. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Barclays lifted their target price on shares of HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group increased their price target on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $672.68.

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.