HubSpot, Inc. (NYSE:HUBS) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in HubSpot, Inc. (NYSE:HUBS) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,720 shares of the software maker’s stock after buying an additional 488 shares during the quarter. Quantinno Capital Management LP’s holdings in HubSpot were worth $3,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in HubSpot in the 2nd quarter valued at $35,000. HM Payson & Co. increased its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares during the period. Crewe Advisors LLC raised its holdings in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after buying an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays increased their price target on HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group boosted their price target 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. JPMorgan Chase & Co. raised their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Activity

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now directly owns 61,179 shares in the company, valued at approximately $43,668,958.41. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $741.67 on Monday. The firm’s 50-day moving average is $617.46 and its two-hundred day moving average is $560.04. The company has a market capitalization of $38.29 billion, a PE ratio of -2,746.93, a price-to-earnings-growth ratio of 92.07 and a beta of 1.70. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

HubSpot Company 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.