Zweig DiMenna Associates LLC Has $18.29 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Zweig DiMenna Associates LLC decreased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 18.6% during the 4th quarter, Holdings Channel reports. The fund owned 26,254 shares of the software maker’s stock after selling 6,000 shares during the quarter. HubSpot accounts for about 1.4% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 20th biggest holding. Zweig DiMenna Associates LLC’s holdings in HubSpot were worth $18,293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HUBS. GDS Wealth Management acquired a new position in HubSpot during the third quarter worth $2,149,000. Pallas Capital Advisors LLC bought a new position in HubSpot during the third quarter worth $624,000. Icon Wealth Advisors LLC boosted 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 purchasing an additional 20,479 shares during the period. Curi RMB Capital LLC boosted its position in HubSpot by 15.1% during the third quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. Finally, Melqart Asset Management UK Ltd boosted 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 purchasing an additional 4,468 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

NYSE HUBS opened at $742.97 on Friday. The stock has a market capitalization of $38.35 billion, a price-to-earnings ratio of -2,739.09, a PEG ratio of 40.57 and a beta of 1.70. HubSpot, Inc. has a one year low of $434.84 and a one year high of $762.47. The business’s fifty day moving average is $715.03 and its 200-day moving average is $588.76.

HubSpot (NYSE:HUBS) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Research analysts expect that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBS. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $570.00 to $640.00 in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $750.00 to $810.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Mizuho boosted their target price 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. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $721.26.

Insider Transactions at HubSpot

In other news, CFO Kathryn Bueker sold 1,796 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 38,560 shares of the company’s stock, valued at approximately $27,053,310.40. The trade was a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $701.59, for a total value of $2,144,760.63. Following the completion of the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at $37,941,285.61. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last ninety days. Company insiders own 4.50% of the company’s stock.

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.