Junto Capital Management LP Makes New Investment in HubSpot, Inc. $HUBS

Junto Capital Management LP bought a new position in HubSpot, Inc. (NYSE:HUBS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 49,476 shares of the software maker’s stock, valued at approximately $23,145,000. Junto Capital Management LP owned approximately 0.09% of HubSpot as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in HubSpot in the second quarter worth $27,000. Exane Asset Management purchased a new position in HubSpot during the third quarter valued at $30,000. Rakuten Securities Inc. lifted its position in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after buying an additional 47 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of HubSpot by 80.5% during the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after buying an additional 33 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of HubSpot during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HUBS shares. Oppenheimer lowered their price target on shares of HubSpot from $550.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Zacks Research upgraded shares of HubSpot from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Mizuho decreased their target price on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Needham & Company LLC lowered their target price on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $454.20.

HubSpot Price Performance

HUBS stock opened at $264.14 on Monday. The stock has a market capitalization of $13.93 billion, a P/E ratio of 303.61, a P/E/G ratio of 3.94 and a beta of 1.40. HubSpot, Inc. has a 1-year low of $207.20 and a 1-year high of $682.57. The business has a fifty day moving average price of $285.47 and a 200-day moving average price of $382.11.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million for the quarter, compared to analysts’ expectations of $830.65 million. During the same period last year, the firm posted $2.32 earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the transaction, the director directly owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the transaction, the insider owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. 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 90 days. Company insiders own 4.00% of the company’s stock.

HubSpot Company Profile

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.