Penserra Capital Management LLC Has $1.80 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Penserra Capital Management LLC boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,380 shares of the software maker’s stock after acquiring an additional 476 shares during the quarter. Penserra Capital Management LLC’s holdings in HubSpot were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter worth $35,000. HM Payson & Co. lifted its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC grew its position in shares of HubSpot by 525.0% in the 2nd 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 increased its stake in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after buying an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after buying an additional 32 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Down 1.5 %

HUBS opened at $731.82 on Tuesday. The business’s fifty day simple moving average is $580.27 and its 200 day simple moving average is $552.24. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The stock has a market cap of $37.78 billion, a PE ratio of -2,710.34, a P/E/G ratio of 90.27 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. As a group, equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The trade was a 0.17 % 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HUBS. Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Oppenheimer upped their price objective on shares of HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Raymond James lowered their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

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.