3,280 Shares in HubSpot, Inc. (NYSE:HUBS) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,280 shares of the software maker's stock, valued at approximately $1,758,000.

Several other institutional investors have also recently made changes to their positions in HUBS. Fred Alger Management LLC boosted its stake in shares of HubSpot by 516.2% in the second quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker's stock valued at $96,307,000 after purchasing an additional 136,793 shares during the period. International Assets Investment Management LLC boosted its position in HubSpot by 214,342.4% in the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker's stock valued at $672,590,000 after buying an additional 126,462 shares during the period. Marshall Wace LLP boosted its position in HubSpot by 88.7% in the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock valued at $142,468,000 after buying an additional 113,555 shares during the period. Massachusetts Financial Services Co. MA boosted its position in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after buying an additional 86,688 shares during the period. Finally, Dorsal Capital Management LP purchased a new position in HubSpot in the 2nd quarter valued at approximately $44,234,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Stock Up 5.1 %

Shares of HubSpot stock traded up $37.04 during trading on Wednesday, reaching $756.48. The company's stock had a trading volume of 638,283 shares, compared to its average volume of 589,008. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $762.47. The company has a market capitalization of $39.05 billion, a P/E ratio of -2,801.78, a price-to-earnings-growth ratio of 87.96 and a beta of 1.70. The business has a 50 day moving average price of $609.30 and a 200-day moving average price of $558.67.

HubSpot (NYSE:HUBS - Get Free Report) last released 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 return on equity of 1.16% and a negative net margin of 0.56%. The firm had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period last year, the business posted ($0.04) EPS. HubSpot's quarterly revenue was up 20.1% on a year-over-year basis. Research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

HUBS has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Bank of America dropped their price objective on shares of HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets increased their price objective on shares of HubSpot from $570.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. UBS Group increased their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, KeyCorp raised shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, HubSpot has a consensus rating of "Moderate Buy" and a consensus price target of $672.68.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total transaction of $792,440.88. Following the transaction, the chief executive officer now owns 62,668 shares of the company's stock, valued at $32,953,341.12. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dawson Alyssa Harvey sold 573 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $401,100.00. Following the sale, the insider now owns 7,603 shares of the company's stock, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,390 shares of company stock valued at $29,126,596 in the last ninety days. Corporate 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.