Liontrust Investment Partners LLP Raises Stock Position in HubSpot, Inc. $HUBS

Liontrust Investment Partners LLP grew its stake in HubSpot, Inc. (NYSE:HUBS) by 32.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,047 shares of the software maker’s stock after buying an additional 1,726 shares during the period. Liontrust Investment Partners LLP’s holdings in HubSpot were worth $3,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBS. Townsquare Capital LLC boosted its stake in HubSpot by 43.0% in the first quarter. Townsquare Capital LLC now owns 795 shares of the software maker’s stock valued at $454,000 after acquiring an additional 239 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in HubSpot by 95.9% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,326 shares of the software maker’s stock worth $758,000 after buying an additional 649 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in HubSpot during the first quarter worth approximately $408,000. Aberdeen Group plc lifted its stake in HubSpot by 17.5% in the first quarter. Aberdeen Group plc now owns 32,113 shares of the software maker’s stock valued at $18,346,000 after buying an additional 4,791 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in shares of HubSpot by 12.8% in the first quarter. Ethic Inc. now owns 4,327 shares of the software maker’s stock valued at $2,518,000 after acquiring an additional 491 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

HUBS opened at $375.41 on Monday. The business has a 50 day simple moving average of $416.55 and a 200-day simple moving average of $482.31. HubSpot, Inc. has a 12 month low of $344.41 and a 12 month high of $881.13. The stock has a market capitalization of $19.67 billion, a P/E ratio of -4,692.60, a P/E/G ratio of 12.75 and a beta of 1.46.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. The firm had revenue of $809.52 million during the quarter, compared to analysts’ expectations of $786.80 million. HubSpot had a positive return on equity of 1.21% and a negative net margin of 0.12%.HubSpot’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.18 earnings per share. Research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a report on Thursday, October 30th. UBS Group set a $500.00 target price on shares of HubSpot in a report on Friday, November 7th. Oppenheimer lowered their price target on HubSpot from $750.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Needham & Company LLC decreased their price objective on HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Truist Financial dropped their target price on HubSpot from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average target price of $617.23.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $368.11, for a total value of $3,128,935.00. Following the completion of the transaction, the director directly owned 504,966 shares of the company’s stock, valued at approximately $185,883,034.26. This trade represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the sale, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,502 shares of company stock valued at $12,745,570. Corporate insiders own 4.00% of the company’s stock.

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.