Pier 88 Investment Partners LLC Acquires 130 Shares of HubSpot, Inc. (NYSE:HUBS)

Pier 88 Investment Partners LLC raised its holdings in HubSpot, Inc. (NYSE:HUBSFree Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,600 shares of the software maker’s stock after purchasing an additional 130 shares during the period. Pier 88 Investment Partners LLC’s holdings in HubSpot were worth $1,280,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HUBS. Jennison Associates LLC boosted its position in shares of HubSpot by 728.0% in the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock valued at $390,126,000 after acquiring an additional 696,469 shares during the period. Durable Capital Partners LP bought a new position in shares of HubSpot in the first quarter valued at approximately $283,913,000. Norges Bank bought a new position in shares of HubSpot in the fourth quarter valued at approximately $141,314,000. Clearbridge Investments LLC boosted its position in shares of HubSpot by 33.6% in the first quarter. Clearbridge Investments LLC now owns 1,128,424 shares of the software maker’s stock valued at $535,934,000 after acquiring an additional 284,039 shares during the period. Finally, Millennium Management LLC boosted its position in shares of HubSpot by 639.9% in the fourth quarter. Millennium Management LLC now owns 293,020 shares of the software maker’s stock valued at $84,721,000 after acquiring an additional 253,416 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of HubSpot from $568.00 to $539.00 and set an “overweight” rating for the company in a research report on Thursday, November 9th. KeyCorp dropped their target price on shares of HubSpot from $660.00 to $593.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. William Blair reiterated an “outperform” rating on shares of HubSpot in a research report on Thursday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a research report on Thursday, February 1st. Finally, UBS Group dropped their target price on shares of HubSpot from $570.00 to $525.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $590.77.

Get Our Latest Stock Analysis on HUBS

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 228 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $500.00, for a total transaction of $114,000.00. Following the transaction, the chief financial officer now directly owns 34,129 shares of the company’s stock, valued at approximately $17,064,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Dawson Alyssa Harvey sold 969 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $610.00, for a total value of $591,090.00. Following the sale, the insider now directly owns 7,225 shares of the company’s stock, valued at approximately $4,407,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 228 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $500.00, for a total transaction of $114,000.00. Following the completion of the sale, the chief financial officer now directly owns 34,129 shares in the company, valued at $17,064,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,036 shares of company stock valued at $22,404,275. 4.90% of the stock is currently owned by company insiders.

HubSpot Trading Up 2.9 %

Shares of NYSE HUBS traded up $17.94 during mid-day trading on Friday, hitting $646.63. The stock had a trading volume of 537,083 shares, compared to its average volume of 385,704. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 2.35. HubSpot, Inc. has a 1 year low of $342.32 and a 1 year high of $660.00. The business has a 50 day moving average price of $566.48 and a two-hundred day moving average price of $514.66. The firm has a market cap of $32.54 billion, a P/E ratio of -174.57 and a beta of 1.61.

HubSpot (NYSE:HUBSGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.38. The business had revenue of $557.56 million for the quarter, compared to the consensus estimate of $533.70 million. HubSpot had a negative net margin of 8.67% and a negative return on equity of 7.34%. On average, equities analysts anticipate that HubSpot, Inc. will post -1.07 EPS for the current fiscal year.

About HubSpot

(Free Report)

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

Further Reading

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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