Edgestream Partners L.P. Has $7.30 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Edgestream Partners L.P. grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 272.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,737 shares of the software maker’s stock after buying an additional 10,052 shares during the quarter. Edgestream Partners L.P.’s holdings in HubSpot were worth $7,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in HubSpot by 17.9% in 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 buying an additional 86,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of HubSpot by 8.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker’s stock valued at $280,186,000 after acquiring an additional 40,138 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock valued at $142,468,000 after acquiring an additional 113,555 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of HubSpot by 49.5% during the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after purchasing an additional 68,827 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of HubSpot by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker’s stock worth $103,416,000 after purchasing an additional 4,331 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HUBS shares. JPMorgan Chase & Co. upped their price objective on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup lowered their target price on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada lifted their price target on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $672.68.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock valued at $29,101,488 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

HubSpot Price Performance

Shares of NYSE HUBS opened at $721.42 on Friday. The business’s fifty day moving average price is $597.13 and its 200-day moving average price is $556.38. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56. The stock has a market capitalization of $37.24 billion, a PE ratio of -2,671.83, a P/E/G ratio of 87.86 and a beta of 1.63.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The firm had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter last year, the business earned ($0.04) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts expect that HubSpot, Inc. will post 0.4 EPS 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.