Bamco Inc. NY Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Bamco Inc. NY grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 19.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,926 shares of the software maker’s stock after purchasing an additional 6,215 shares during the quarter. Bamco Inc. NY owned approximately 0.07% of HubSpot worth $20,161,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the 3rd 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 increased its holdings in shares of HubSpot by 525.0% during the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after buying an additional 63 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of HubSpot by 690.9% in the 2nd 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. boosted 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 valued at $64,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 directly owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,391 shares of company stock valued at $29,101,488. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Up 0.3 %

Shares of HubSpot stock opened at $723.53 on Tuesday. The business has a 50-day moving average price of $601.05 and a 200 day moving average price of $556.54. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56. The firm has a market cap of $37.35 billion, a P/E ratio of -2,679.64, a P/E/G ratio of 87.65 and a beta of 1.63.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America cut their target price on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company increased their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $730.00 target price on shares of HubSpot in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

About HubSpot

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.