Los Angeles Capital Management LLC Raises Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Los Angeles Capital Management LLC raised its stake in HubSpot, Inc. (NYSE:HUBS) by 271.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,297 shares of the software maker’s stock after buying an additional 12,635 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HubSpot were worth $12,052,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in HubSpot by 17.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock valued at $303,689,000 after acquiring an additional 86,688 shares during the period. TimesSquare Capital Management LLC grew its position in HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock valued at $110,489,000 after acquiring an additional 68,827 shares in the last quarter. Two Sigma Advisers LP increased its stake in HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after purchasing an additional 47,900 shares during the period. Finally, Holocene Advisors LP increased its stake in HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after purchasing an additional 47,736 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at $43,668,958.41. The trade was a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lorrie M. Norrington sold 572 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $690.00, for a total value of $394,680.00. Following the sale, the director now directly owns 1,697 shares of the company’s stock, valued at $1,170,930. The trade was a 25.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,112 shares of company stock worth $35,878,612. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

NYSE HUBS opened at $724.53 on Thursday. The company has a fifty day moving average of $739.38 and a two-hundred day moving average of $638.09. The company has a market capitalization of $37.79 billion, a PE ratio of 8,051.25, a P/E/G ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HUBS shares. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Citigroup raised their price target on shares of HubSpot from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price objective on HubSpot from $635.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler lifted their target price on HubSpot from $640.00 to $808.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Bank of America boosted their target price on HubSpot from $780.00 to $850.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $863.96.

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.