Vinva Investment Management Ltd Purchases 846 Shares of HubSpot, Inc. (NYSE:HUBS)

Vinva Investment Management Ltd grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 31.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,501 shares of the software maker's stock after buying an additional 846 shares during the period. Vinva Investment Management Ltd's holdings in HubSpot were worth $1,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HUBS. HM Payson & Co. raised its position in shares of HubSpot by 36.0% in 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. raised its position in shares of HubSpot by 19.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker's stock worth $91,000 after purchasing an additional 25 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of HubSpot by 3.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 929 shares of the software maker's stock worth $494,000 after purchasing an additional 27 shares during the last quarter. Crewe Advisors LLC raised its position in shares of HubSpot by 37.3% in the 3rd quarter. Crewe Advisors LLC now owns 103 shares of the software maker's stock worth $55,000 after purchasing an additional 28 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of HubSpot by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker's stock worth $698,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the sale, the insider now owns 513,698 shares in the company, valued at $339,857,459.82. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Yamini Rangan sold 116 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock valued at $29,101,488 in the last ninety days. Corporate insiders own 4.50% of the company's stock.

HubSpot Stock Down 0.2 %

HUBS stock traded down $1.71 during midday trading on Friday, hitting $721.05. The company's stock had a trading volume of 174,747 shares, compared to its average volume of 591,014. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The firm has a market capitalization of $37.22 billion, a price-to-earnings ratio of -2,670.56, a price-to-earnings-growth ratio of 87.86 and a beta of 1.63. The company has a 50 day moving average of $597.13 and a two-hundred day moving average of $556.38.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. On average, 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 equities analysts have weighed in on HUBS shares. Raymond James decreased their target price on HubSpot from $725.00 to $675.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their target price on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their target price on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price target on HubSpot from $600.00 to $625.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $730.00 price target on shares of HubSpot 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 stock. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average price target of $672.68.

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.