HubSpot, Inc. (NYSE:HUBS) Stake Boosted by Eventide Asset Management LLC

Eventide Asset Management LLC increased its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,554 shares of the software maker's stock after purchasing an additional 1,553 shares during the quarter. Eventide Asset Management LLC owned 0.23% of HubSpot worth $63,023,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker's stock valued at $303,689,000 after purchasing an additional 86,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in HubSpot by 8.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,061 shares of the software maker's stock valued at $280,186,000 after buying an additional 40,138 shares during the last quarter. Marshall Wace LLP increased its position in HubSpot by 88.7% during the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker's stock worth $142,468,000 after buying an additional 113,555 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of HubSpot by 49.5% in the third quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker's stock worth $110,489,000 after acquiring an additional 68,827 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HubSpot by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,538 shares of the software maker's stock worth $103,416,000 after acquiring an additional 4,331 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HUBS. Barclays increased their price objective on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a "buy" rating and set a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Raymond James lowered their target price on shares of HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, Stifel Nicolaus increased their price target on HubSpot from $600.00 to $625.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $672.68.

HubSpot Trading Down 0.2 %

Shares of HUBS traded down $1.71 during midday trading on Friday, reaching $721.05. 174,747 shares of the company were exchanged, compared to its average volume of 591,014. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $754.56. The stock has a 50-day moving average price of $597.13 and a 200-day moving average price of $556.15. The company has a market cap of $37.22 billion, a price-to-earnings ratio of -2,670.56, a P/E/G ratio of 87.86 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. HubSpot's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. Equities research analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company'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 value of $56,978.04. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dawson Alyssa Harvey sold 573 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the sale, the insider now directly owns 7,603 shares of the company's stock, valued at $5,322,100. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 44,391 shares of company stock valued at $29,101,488. Corporate insiders own 4.50% of the company's stock.

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.