Jain Global LLC Purchases Shares of 43,769 HubSpot, Inc. $HUBS

Jain Global LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 43,769 shares of the software maker’s stock, valued at approximately $20,475,000. Jain Global LLC owned 0.08% of HubSpot as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HUBS. Vanguard Group Inc. grew its stake in HubSpot by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares during the last quarter. AQR Capital Management LLC lifted its position in HubSpot by 89.2% during the 3rd quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after acquiring an additional 257,577 shares during the last quarter. Norges Bank bought a new stake in HubSpot during the second quarter valued at about $269,941,000. Amundi boosted its holdings in HubSpot by 57.6% during the third quarter. Amundi now owns 452,252 shares of the software maker’s stock valued at $209,660,000 after acquiring an additional 165,315 shares during the period. Finally, Bank of America Corp DE grew its position in shares of HubSpot by 8.6% in the third quarter. Bank of America Corp DE now owns 448,857 shares of the software maker’s stock valued at $209,975,000 after purchasing an additional 35,378 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the sale, the director owned 481,168 shares of the company’s stock, valued at approximately $121,735,504. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the sale, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,691 shares of company stock worth $8,136,702 in the last three months. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HUBS shares. KeyCorp dropped their price objective on HubSpot from $400.00 to $340.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Argus decreased their target price on HubSpot from $650.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. UBS Group reaffirmed an “overweight” rating on shares of HubSpot in a report on Thursday, February 12th. Stifel Nicolaus dropped their price target on HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on HubSpot from $650.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $454.20.

HubSpot Stock Performance

NYSE HUBS opened at $264.14 on Monday. The firm has a 50-day simple moving average of $285.47 and a 200 day simple moving average of $382.11. HubSpot, Inc. has a twelve month low of $207.20 and a twelve month high of $682.57. The stock has a market cap of $13.93 billion, a PE ratio of 303.61, a PEG ratio of 3.94 and a beta of 1.40.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million for the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $2.32 earnings per share. Research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.