HubSpot, Inc. $HUBS Stock: Fulcrum Asset Management LLP Increases Position

Fulcrum Asset Management LLP lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 3,741.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,431 shares of the software maker’s stock after acquiring an additional 23,795 shares during the period. Fulcrum Asset Management LLP’s holdings in HubSpot were worth $4,829,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in HubSpot during the second quarter valued at about $631,386,000. Pictet Asset Management Holding SA raised its holdings in HubSpot by 2.0% in the third quarter. Pictet Asset Management Holding SA now owns 1,689,478 shares of the software maker’s stock worth $346,208,000 after purchasing an additional 33,728 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in HubSpot by 352.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 903,559 shares of the software maker’s stock worth $220,559,000 after purchasing an additional 703,706 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in HubSpot in the second quarter worth about $112,671,000. Finally, Amundi lifted its position in shares of HubSpot by 33.4% during the first quarter. Amundi now owns 586,037 shares of the software maker’s stock valued at $143,052,000 after buying an additional 146,871 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

HubSpot Trading Up 2.6%

Shares of NYSE HUBS opened at $205.86 on Tuesday. The company has a 50 day simple moving average of $230.99 and a two-hundred day simple moving average of $229.40. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 2.20 and a beta of 1.14. HubSpot, Inc. has a 12 month low of $169.63 and a 12 month high of $406.94.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. The firm had revenue of $947.57 million for the quarter, compared to analyst estimates of $925.50 million. HubSpot had a net margin of 5.95% and a return on equity of 11.73%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.66 earnings per share. Analysts forecast that HubSpot, Inc. will post 4.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HUBS shares. Sanford C. Bernstein cut shares of HubSpot from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $381.00 to $220.00 in a report on Thursday, August 6th. FBN Securities initiated coverage on shares of HubSpot in a research report on Wednesday, September 23rd. They issued a “sector perform” rating and a $230.00 price objective on the stock. Bank of America reiterated an “underperform” rating and set a $200.00 price objective on shares of HubSpot in a research note on Thursday, August 6th. Wolfe Research cut shares of HubSpot from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot currently has an average rating of “Hold” and an average price target of $251.23.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Erika Fisher sold 702 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $227.72, for a total transaction of $159,859.44. Following the sale, the insider directly owned 12,829 shares of the company’s stock, valued at approximately $2,921,419.88. This trade represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $239.57, for a total value of $2,036,345.00. Following the transaction, the director owned 59,500 shares of the company’s stock, valued at $14,254,415. The trade was a 12.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,202 shares of company stock worth $6,149,894. 3.70% of the stock is owned by corporate insiders.

HubSpot Company Profile

HubSpot, Inc develops cloud-based customer relationship management software designed to help businesses attract and engage customers, manage sales, and provide customer support. Founded in 2006 by Brian Halligan and Dharmesh Shah, the company helped popularize inbound marketing, an approach focused on drawing customers in with useful content and experiences.

Its platform combines a central CRM with products for marketing, sales, customer service, content management, operations, and commerce.