Jacobs Levy Equity Management Inc. Decreases Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Jacobs Levy Equity Management Inc. lowered its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 93.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 404 shares of the software maker's stock after selling 5,812 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in HubSpot were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HUBS. International Assets Investment Management LLC acquired a new position in HubSpot during the 2nd quarter worth approximately $35,000. HM Payson & Co. grew its stake in shares of HubSpot by 36.0% during the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock worth $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock worth $44,000 after purchasing an additional 63 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock valued at $51,000 after buying an additional 76 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in HubSpot in the third quarter valued at $62,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on HubSpot from $625.00 to $740.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $730.00 price target on shares of HubSpot in a report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their target price on shares of HubSpot from $750.00 to $880.00 and gave the company a "buy" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $684.27.

HubSpot Price Performance

Shares of HUBS stock traded up $6.29 during trading hours on Wednesday, reaching $726.91. 433,799 shares of the company's stock were exchanged, compared to its average volume of 587,914. HubSpot, Inc. has a 1 year low of $434.84 and a 1 year high of $762.47. The company's 50 day moving average is $625.45 and its two-hundred day moving average is $561.96. The company has a market cap of $37.52 billion, a P/E ratio of -2,694.79, a price-to-earnings-growth ratio of 90.16 and a beta of 1.70.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. As a group, analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the firm's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company's stock, valued at approximately $22,692,450. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the completion of the sale, the chief executive officer now directly owns 61,179 shares in the company, valued at $43,668,958.41. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,390 shares of company stock worth $29,126,596. 4.50% of the stock is owned by corporate insiders.

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.