396 Shares in HubSpot, Inc. (NYSE:HUBS) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 396 shares of the software maker’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBS. GDS Wealth Management bought a new position in HubSpot in the third quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot during the 3rd quarter worth $624,000. Headlands Technologies LLC bought a new stake in shares of HubSpot during the 2nd quarter worth $3,135,000. Linden Thomas Advisory Services LLC acquired a new stake in HubSpot in the second quarter valued at about $1,346,000. Finally, DekaBank Deutsche Girozentrale grew its position in HubSpot by 32.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after acquiring an additional 3,550 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In related news, insider Dawson Alyssa Harvey sold 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the completion of the sale, the insider now owns 7,603 shares in the company, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the 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 transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,891 shares of company stock valued at $6,662,473 in the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBS. JPMorgan Chase & Co. raised their price target on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on HubSpot from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

HubSpot Price Performance

NYSE HUBS opened at $677.07 on Friday. The company’s 50 day simple moving average is $554.78 and its two-hundred day simple moving average is $548.56. The stock has a market capitalization of $34.95 billion, a PE ratio of -2,507.57, a P/E/G ratio of 85.11 and a beta of 1.63. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $724.61.

HubSpot (NYSE:HUBS) last posted its earnings results 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 return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, research analysts anticipate that HubSpot, Inc. will post 0.4 EPS for the current year.

HubSpot 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.