HubSpot, Inc. (NYSE:HUBS) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,285 shares of the software maker's stock after buying an additional 3,895 shares during the period. Citigroup Inc. owned 0.05% of HubSpot worth $13,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. HM Payson & Co. lifted its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after buying an additional 25 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of HubSpot by 3.0% in the third quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock valued at $494,000 after acquiring an additional 27 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of HubSpot by 2.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock valued at $698,000 after buying an additional 30 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of HubSpot by 13.0% in the second quarter. Quent Capital LLC now owns 261 shares of the software maker's stock valued at $154,000 after buying an additional 30 shares during the period. 90.39% of the stock is currently owned by institutional investors.

HubSpot Stock Performance

NYSE:HUBS traded down $1.34 during trading hours on Friday, reaching $721.42. The stock had a trading volume of 174,747 shares, compared to its average volume of 591,014. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The company has a 50 day moving average price of $593.23 and a two-hundred day moving average price of $555.52.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million for the quarter, compared to analysts' expectations of $646.97 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business's revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and set a $730.00 price objective on shares of HubSpot in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Oppenheimer upped their target price on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on HubSpot from $570.00 to $690.00 and gave the company 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $672.68.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 116 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at $33,009,441.57. This represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total value of $16,815,500.00. Following the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at approximately $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 sold 44,391 shares of company stock worth $29,101,488 in the last three months. 4.50% of the stock is owned by insiders.

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.