TimesSquare Capital Management LLC Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

TimesSquare Capital Management LLC increased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,120 shares of the software maker's stock after purchasing an additional 16,278 shares during the period. HubSpot accounts for 2.3% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. TimesSquare Capital Management LLC owned about 0.43% of HubSpot worth $156,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of HubSpot during the 3rd quarter worth about $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker's stock valued at $31,000 after buying an additional 19 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of HubSpot in the 4th quarter worth $35,000. HM Payson & Co. boosted 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. Finally, Friedenthal Financial purchased a new stake in HubSpot during the fourth quarter valued at about $50,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Performance

Shares of HUBS traded down $21.57 during midday trading on Friday, hitting $726.43. 821,210 shares of the stock traded hands, compared to its average volume of 567,920. The business's 50 day moving average price is $739.92 and its two-hundred day moving average price is $631.52. The firm has a market capitalization of $37.88 billion, a PE ratio of 8,072.32, a price-to-earnings-growth ratio of 41.44 and a beta of 1.72. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of HubSpot from $880.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of HubSpot from $635.00 to $725.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Scotiabank increased their target price on HubSpot from $825.00 to $900.00 and gave the company a "sector outperform" rating in a research note on Thursday, February 13th. Barclays reissued an "equal weight" rating on shares of HubSpot in a research report on Thursday, February 13th. Finally, TD Cowen lowered shares of HubSpot from a "buy" rating to a "hold" rating and lifted their price objective for the company from $680.00 to $725.00 in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $863.96.

Insider Activity at HubSpot

In other HubSpot news, Director Lorrie M. Norrington sold 572 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the sale, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. The trade was a 25.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $810.00, for a total value of $6,885,000.00. Following the sale, the insider now directly owns 524,751 shares in the company, valued at approximately $425,048,310. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,112 shares of company stock worth $35,878,612 in the last three months. 4.50% of the stock is owned by company 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.