Los Angeles Capital Management LLC increased its stake in HubSpot, Inc. (NYSE:HUBS – Free Report) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,546 shares of the software maker’s stock after purchasing an additional 3,671 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HubSpot were worth $13,089,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HUBS. Jennison Associates LLC boosted its stake in shares of HubSpot by 728.0% during 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 last quarter. Wellington Management Group LLP raised its holdings in HubSpot by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after acquiring an additional 257,632 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of HubSpot by 552.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 241,203 shares of the software maker’s stock worth $118,792,000 after purchasing an additional 204,241 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of HubSpot by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after purchasing an additional 166,381 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in HubSpot in the fourth quarter valued at $45,835,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
HubSpot Stock Performance
HUBS stock traded up $9.38 on Friday, reaching $600.27. The company’s stock had a trading volume of 354,179 shares, compared to its average volume of 563,420. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 1.96. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The firm has a fifty day moving average of $628.44 and a two-hundred day moving average of $565.26. The company has a market capitalization of $30.56 billion, a P/E ratio of -169.09 and a beta of 1.57.
HubSpot (NYSE:HUBS – Get Free Report) last announced its earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.22. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. The business had revenue of $581.91 million during the quarter, compared to analysts’ expectations of $557.48 million. As a group, analysts predict that HubSpot, Inc. will post -0.98 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have commented on HUBS shares. William Blair restated an “outperform” rating on shares of HubSpot in a report on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wolfe Research lifted their target price on HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Wells Fargo & Company raised their price objective on HubSpot from $700.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $675.00 target price on shares of HubSpot in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and an average target price of $642.36.
Insider Activity at HubSpot
In other HubSpot news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total transaction of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Yamini Rangan sold 8,817 shares of HubSpot stock in a transaction on Friday, March 1st. The stock was sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the sale, the chief executive officer now owns 88,977 shares of the company’s stock, valued at $55,165,740. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the transaction, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The disclosure for this sale can be found here. Insiders sold 21,393 shares of company stock worth $13,421,401 in the last quarter. 4.90% 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.