HubSpot, Inc. (NYSE:HUBS) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 31.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,501 shares of the software maker’s stock after buying an additional 846 shares during the period. Vinva Investment Management Ltd’s holdings in HubSpot were worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake 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 valued at $303,689,000 after buying an additional 86,688 shares during the period. 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. Marshall Wace LLP grew its position in HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after acquiring an additional 113,555 shares during the period. TimesSquare Capital Management LLC increased its stake in HubSpot by 49.5% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 worth $103,416,000 after purchasing an additional 4,331 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

NYSE HUBS opened at $721.42 on Friday. The company’s fifty day moving average price is $597.13 and its two-hundred day moving average price is $556.38. The company has a market capitalization of $37.24 billion, a price-to-earnings ratio of -2,671.83, a price-to-earnings-growth ratio of 87.86 and a beta of 1.63. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56.

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. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. As a group, analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. UBS Group raised their target price on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a research report on Friday, November 8th. Five 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is currently owned by insiders.

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.