HubSpot, Inc. (NYSE:HUBS) Holdings Boosted by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 113.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,666 shares of the software maker's stock after buying an additional 9,919 shares during the period. HubSpot comprises about 2.3% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its biggest holding. Advantage Alpha Capital Partners LP's holdings in HubSpot were worth $9,923,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock worth $303,689,000 after acquiring an additional 86,688 shares during the period. Marshall Wace LLP lifted its position in shares of HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after purchasing an additional 113,555 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of HubSpot by 49.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock valued at $110,489,000 after purchasing an additional 68,827 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HubSpot by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker's stock valued at $103,416,000 after buying an additional 4,331 shares during the period. Finally, Fiera Capital Corp raised its stake in HubSpot by 1.2% in the second quarter. Fiera Capital Corp now owns 166,519 shares of the software maker's stock worth $98,211,000 after buying an additional 2,019 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

HubSpot stock traded down $1.99 during midday trading on Tuesday, reaching $729.83. 300,383 shares of the company traded hands, compared to its average volume of 594,391. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The business has a 50 day moving average of $580.27 and a two-hundred day moving average of $552.24. The firm has a market capitalization of $37.68 billion, a price-to-earnings ratio of -2,703.07, a price-to-earnings-growth ratio of 90.27 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. HubSpot's revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on HUBS shares. Raymond James cut their price objective on HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price target on HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Evercore ISI increased their price objective on HubSpot from $610.00 to $700.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $672.68.

Insiders Place Their Bets

In related news, CEO Yamini Rangan sold 116 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the sale, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,391 shares of company stock worth $29,101,488. Company insiders own 4.50% of the company's stock.

HubSpot 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.