HubSpot, Inc. (NYSE:HUBS) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,127 shares of the software maker’s stock after buying an additional 1,626 shares during the quarter. Vinva Investment Management Ltd’s holdings in HubSpot were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its position in HubSpot by 3,346.2% during the third quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after buying an additional 20,479 shares during the period. Advantage Alpha Capital Partners LP grew its position in HubSpot by 113.4% during the third quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock worth $9,923,000 after buying an additional 9,919 shares during the period. Melqart Asset Management UK Ltd grew its position in HubSpot by 15.2% during the third quarter. Melqart Asset Management UK Ltd now owns 33,878 shares of the software maker’s stock worth $18,010,000 after buying an additional 4,468 shares during the period. Anthracite Investment Company Inc. acquired a new position in HubSpot during the third quarter worth about $2,552,000. Finally, Paloma Partners Management Co acquired a new position in HubSpot during the third quarter worth about $3,721,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the topic of several research reports. Mizuho increased their price target on shares of HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Scotiabank increased their price target on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Barclays upgraded shares of HubSpot from an “equal weight” rating to an “overweight” rating and set a $815.00 price target on the stock in a research report on Wednesday, March 12th. Stifel Nicolaus increased their price target on shares of HubSpot from $880.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group increased their price target on shares of HubSpot from $860.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $860.00.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total value of $6,885,000.00. Following the completion of the sale, the insider now owns 524,751 shares of the company’s stock, valued at $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 1,796 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total transaction of $1,260,055.64. Following the completion of the sale, the chief financial officer now directly owns 38,560 shares of the company’s stock, valued at $27,053,310.40. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,997 shares of company stock valued at $16,260,831 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

HubSpot Stock Up 1.2 %

NYSE:HUBS opened at $603.92 on Thursday. The company has a market cap of $31.50 billion, a P/E ratio of 6,710.96, a P/E/G ratio of 41.44 and a beta of 1.80. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The firm’s 50 day moving average is $719.54 and its two-hundred day moving average is $653.69.

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

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.