Blueshift Asset Management LLC Purchases New Position in HubSpot, Inc. (NYSE:HUBS)

Blueshift Asset Management LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,002 shares of the software maker’s stock, valued at approximately $533,000.

A number of other hedge funds also recently bought and sold shares of HUBS. GDS Wealth Management acquired a new position in shares of HubSpot during the 3rd quarter worth approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in HubSpot during the third quarter worth $624,000. Headlands Technologies LLC acquired a new position in HubSpot during the second quarter worth $3,135,000. Icon Wealth Advisors LLC lifted its holdings in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock valued at $11,212,000 after purchasing an additional 20,479 shares in the last quarter. Finally, Curi RMB Capital LLC grew its position in shares of HubSpot by 15.1% in the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock valued at $3,797,000 after purchasing an additional 937 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Raymond James lowered their price target on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus boosted their price target on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Oppenheimer raised their price objective on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $730.00 target price on shares of HubSpot in a report on Thursday, November 7th. Five equities 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, HubSpot presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Price Performance

NYSE HUBS opened at $722.12 on Thursday. The stock has a market capitalization of $37.28 billion, a P/E ratio of -2,674.42, a PEG ratio of 88.96 and a beta of 1.63. The firm’s 50-day moving average is $589.38 and its two-hundred day moving average is $554.35. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping 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 firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the prior year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,391 shares of company stock worth $29,101,488 over the last ninety days. Company insiders own 4.50% of the company’s stock.

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.