HubSpot, Inc. (NYSE:HUBS) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 32.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,649 shares of the software maker’s stock after acquiring an additional 644 shares during the period. WCM Investment Management LLC’s holdings in HubSpot were worth $1,420,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker’s stock valued at $3,025,964,000 after purchasing an additional 39,098 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in HubSpot by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker’s stock valued at $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 484,586 shares of the software maker’s stock worth $285,804,000 after buying an additional 3,775 shares during the period. Capital Research Global Investors boosted its holdings in shares of HubSpot by 0.9% in the first quarter. Capital Research Global Investors now owns 452,210 shares of the software maker’s stock worth $283,337,000 after buying an additional 4,242 shares during the period. Finally, Marshall Wace LLP increased its position in shares of HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on HUBS shares. Canaccord Genuity Group raised their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. KeyCorp raised HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price for the company in a research report on Thursday, August 8th. Citigroup dropped their price target on HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group raised their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada upped their target price on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, HubSpot presently has an average rating of “Moderate Buy” and an average price target of $666.26.

HubSpot Trading Up 3.0 %

Shares of HubSpot stock opened at $701.52 on Wednesday. HubSpot, Inc. has a 1-year low of $425.07 and a 1-year high of $702.81. The firm has a fifty day simple moving average of $539.09 and a 200-day simple moving average of $545.67. The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of -2,598.13, a PEG ratio of 8,729.41 and a beta of 1.63.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $22,692,450. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,937 shares of company stock worth $3,194,673 over the last three months. 4.50% of the stock is currently owned by insiders.

HubSpot 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.