WINTON GROUP Ltd Buys Shares of 2,592 HubSpot, Inc. (NYSE:HUBS)

WINTON GROUP Ltd acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,592 shares of the software maker's stock, valued at approximately $1,529,000.

A number of other hedge funds have also added to or reduced their stakes in HUBS. Vanguard Group Inc. boosted its stake in shares of HubSpot by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,829,488 shares of the software maker's stock valued at $3,025,964,000 after purchasing an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in HubSpot by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker's stock valued at $1,211,535,000 after acquiring an additional 176,336 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of HubSpot by 50.3% in the 4th quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker's stock valued at $1,088,119,000 after acquiring an additional 626,977 shares during the period. Jennison Associates LLC increased its holdings in shares of HubSpot by 62.1% in the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker's stock valued at $988,406,000 after acquiring an additional 604,554 shares during the period. Finally, Norges Bank bought a new position in shares of HubSpot in the 4th quarter worth $311,236,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial reiterated a "buy" rating and set a $600.00 price objective (down previously from $700.00) on shares of HubSpot in a research note on Thursday, August 8th. Evercore ISI decreased their price objective on HubSpot from $650.00 to $550.00 and set an "in-line" rating for the company in a report on Thursday, August 8th. Raymond James dropped their target price on HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. UBS Group reduced their target price on HubSpot from $580.00 to $550.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Finally, KeyCorp raised HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price target for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and an average price target of $610.79.

HubSpot Price Performance

HUBS stock traded up $4.20 during trading on Monday, hitting $495.37. The stock had a trading volume of 429,177 shares, compared to its average volume of 619,132. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85. The company's 50-day moving average price is $489.10 and its two-hundred day moving average price is $568.89. The stock has a market capitalization of $25.44 billion, a P/E ratio of -186.93, a PEG ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million for the quarter, compared to the consensus estimate of $619.28 million. During the same quarter last year, the business posted ($1.17) earnings per share. The business's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the company's 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 directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,135 shares of the company's stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $672,828.00. Following the completion of the transaction, the chief financial officer now owns 44,715 shares in the company, valued at $26,507,052. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,012 shares of company stock valued at $21,300,253. 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.