HubSpot, Inc. (NYSE:HUBS) Stake Boosted by Bamco Inc. NY

Bamco Inc. NY grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 19.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,926 shares of the software maker's stock after acquiring an additional 6,215 shares during the quarter. Bamco Inc. NY owned about 0.07% of HubSpot worth $20,161,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in HubSpot during the second quarter worth about $35,000. HM Payson & Co. lifted its holdings in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC grew its position 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 acquiring an additional 63 shares during the period. J.Safra Asset Management Corp increased its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after acquiring an additional 76 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in HubSpot in the third quarter valued at $62,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays boosted their price objective 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. BMO Capital Markets lifted their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on HubSpot from $560.00 to $635.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $672.68.

HubSpot Trading Down 0.8 %

Shares of HubSpot stock traded down $5.87 during trading hours on Tuesday, reaching $717.72. The company's stock had a trading volume of 110,451 shares, compared to its average volume of 587,473. HubSpot, Inc. has a one year low of $434.84 and a one year high of $754.56. The company's 50 day simple moving average is $601.05 and its 200 day simple moving average is $556.54.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the firm posted ($0.04) EPS. HubSpot's quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts expect that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the transaction, the insider now owns 513,698 shares of the company's stock, valued at approximately $339,857,459.82. This trade represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 over the last three months. Corporate insiders own 4.50% of the company's stock.

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.