Jefferies Financial Group Inc. Acquires 7,432 Shares of HubSpot, Inc. $HUBS

Jefferies Financial Group Inc. increased its stake in HubSpot, Inc. (NYSE:HUBS) by 148.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,435 shares of the software maker’s stock after purchasing an additional 7,432 shares during the period. Jefferies Financial Group Inc.’s holdings in HubSpot were worth $5,817,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBS. Goodman Advisory Group LLC purchased a new stake in shares of HubSpot during the 2nd quarter valued at $27,000. Rakuten Securities Inc. grew its position in HubSpot by 783.3% in the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in HubSpot in the second quarter valued at $34,000. Exane Asset Management purchased a new stake in HubSpot during the third quarter valued at about $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in HubSpot during the second quarter worth about $39,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the sale, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,691 shares of company stock worth $8,136,702 over the last three months. Insiders own 4.00% of the company’s stock.

HubSpot Trading Down 3.3%

HubSpot stock opened at $286.78 on Tuesday. The firm has a market cap of $15.12 billion, a P/E ratio of 329.63, a P/E/G ratio of 4.42 and a beta of 1.40. HubSpot, Inc. has a 1-year low of $207.20 and a 1-year high of $682.57. The firm has a 50-day moving average of $296.31 and a 200-day moving average of $387.87.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.HubSpot’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 EPS. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBS. Stifel Nicolaus reduced their price objective on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Cantor Fitzgerald boosted their target price on HubSpot from $280.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. KeyCorp reduced their price target on shares of HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Argus decreased their price target on shares of HubSpot from $650.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Mizuho cut their price objective on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $454.20.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.