Quantbot Technologies LP Takes Position in HubSpot, Inc. (NYSE:HUBS)

Quantbot Technologies LP purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 515 shares of the software maker’s stock, valued at approximately $359,000.

Several other large investors also recently added to or reduced their stakes in HUBS. Melqart Asset Management UK Ltd boosted its holdings in shares of HubSpot by 15.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after purchasing an additional 4,468 shares during the period. Paloma Partners Management Co bought a new stake in HubSpot in the third quarter worth $3,721,000. Bamco Inc. NY boosted its stake in HubSpot by 19.6% during the third quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock worth $20,161,000 after buying an additional 6,215 shares during the period. Nomura Asset Management Co. Ltd. increased its position in HubSpot by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,419 shares of the software maker’s stock valued at $10,323,000 after acquiring an additional 772 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of HubSpot in the fourth quarter valued at $1,361,000. 90.39% of the stock is owned by institutional investors.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 3,057 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the transaction, the chief executive officer now directly owns 54,079 shares of the company’s stock, valued at $37,941,285.61. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,853 shares of company stock valued at $15,453,396 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Stock Performance

HUBS stock opened at $581.45 on Friday. HubSpot, Inc. has a one year low of $434.84 and a one year high of $881.13. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 6,461.31, a PEG ratio of 41.44 and a beta of 1.80. The firm has a 50-day simple moving average of $705.35 and a two-hundred day simple moving average of $657.85.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on HUBS shares. StockNews.com cut shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their target price on HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus increased their price target on HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on HubSpot from $783.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Bank of America lifted their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $848.58.

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.