2,971 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,971 shares of the software maker’s stock, valued at approximately $1,579,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBS. International Assets Investment Management LLC bought a new position in HubSpot in the 2nd quarter worth $35,000. HM Payson & Co. increased its position in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after buying an additional 18 shares during the period. Crewe Advisors LLC raised its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after buying an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 25,000 shares of the business’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 sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares in the company, valued at $28,881,300. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is owned by insiders.

HubSpot Stock Down 0.2 %

Shares of NYSE HUBS opened at $721.05 on Friday. The firm’s 50-day moving average price is $597.13 and its 200-day moving average price is $556.15. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $754.56.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 0.56% and a negative return on equity of 1.16%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on HUBS shares. Stifel Nicolaus increased their target price on HubSpot from $600.00 to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Raymond James decreased their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 target price on the stock in a report on Thursday, August 8th. Citigroup decreased their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Wells Fargo & Company boosted their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and a consensus price target of $672.68.

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.