HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 164.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,375 shares of the software maker’s stock after purchasing an additional 21,395 shares during the period. HubSpot comprises 1.0% of Cinctive Capital Management LP’s portfolio, making the stock its 17th largest position. Cinctive Capital Management LP owned 0.07% of HubSpot worth $18,274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HUBS. Cetera Investment Advisers grew its position in shares of HubSpot by 106.2% during the first quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker’s stock worth $2,502,000 after buying an additional 2,057 shares in the last quarter. Cetera Advisors LLC increased its position in shares of HubSpot by 171.7% in the 1st quarter. Cetera Advisors LLC now owns 989 shares of the software maker’s stock worth $620,000 after purchasing an additional 625 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of HubSpot by 32.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after purchasing an additional 3,550 shares in the last quarter. DNB Asset Management AS lifted its position in shares of HubSpot by 6.0% during the second quarter. DNB Asset Management AS now owns 11,816 shares of the software maker’s stock worth $6,969,000 after purchasing an additional 668 shares during the last quarter. Finally, Quent Capital LLC grew its stake in HubSpot by 13.0% in the second quarter. Quent Capital LLC now owns 261 shares of the software maker’s stock worth $154,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Down 0.2 %

HUBS stock opened at $721.05 on Monday. The company has a market capitalization of $37.22 billion, a P/E ratio of -2,670.46, a PEG ratio of 87.65 and a beta of 1.63. The company has a 50-day simple moving average of $597.13 and a 200 day simple moving average of $555.74. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period last year, the firm posted ($0.04) earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group upped their price objective on HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Oppenheimer increased their target price on shares of HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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 transaction of $5,623,515.00. Following the completion of the transaction, the insider now 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 document filed with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is owned by company 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.