HubSpot, Inc. (NYSE:HUBS) Stake Lifted by Alight Capital Management LP

Alight Capital Management LP boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 138.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,843 shares of the software maker's stock after purchasing an additional 13,843 shares during the period. HubSpot comprises approximately 3.4% of Alight Capital Management LP's portfolio, making the stock its 8th biggest holding. Alight Capital Management LP's holdings in HubSpot were worth $14,062,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 worth $3,025,964,000 after acquiring an additional 39,098 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of HubSpot by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,933,629 shares of the software maker's stock worth $1,211,535,000 after buying an additional 176,336 shares in the last quarter. Wellington Management Group LLP increased its stake in HubSpot by 50.3% in the fourth 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 last quarter. Jennison Associates LLC increased its stake in HubSpot by 62.1% in the first 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 last quarter. Finally, Twin Focus Capital Partners LLC increased its stake in HubSpot by 92,828.2% in the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker's stock valued at $283,230,000 after acquiring an additional 487,348 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 0.2 %

Shares of NYSE:HUBS traded down $0.96 during trading on Wednesday, reaching $531.15. The company's stock had a trading volume of 270,904 shares, compared to its average volume of 618,876. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The firm's 50 day simple moving average is $491.77 and its two-hundred day simple moving average is $564.77. The stock has a market capitalization of $27.27 billion, a PE ratio of -200.47, a price-to-earnings-growth ratio of 7,010.23 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to analyst estimates of $619.28 million. During the same period in the prior year, the company posted ($1.17) EPS. The firm's revenue for the quarter was up 20.4% on a year-over-year basis.

Analyst Ratings Changes

A number of brokerages recently issued reports on HUBS. Canaccord Genuity Group reduced their price target on HubSpot from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada restated an "outperform" rating and set a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. KeyCorp raised HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price objective on the stock in a research report on Thursday, August 8th. Barclays cut their price objective on HubSpot from $575.00 to $500.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Finally, Bank of America cut their price objective on HubSpot from $650.00 to $580.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $610.79.

Insider Activity

In other news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares in the company, valued at $244,707,645.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Yamini Rangan sold 2,877 shares of the business's stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares of the company's stock, valued at $40,332,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares in the company, valued at $244,707,645.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,012 shares of company stock worth $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.