Paloma Partners Management Co Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Paloma Partners Management Co bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,000 shares of the software maker's stock, valued at approximately $3,721,000.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of HubSpot during the second quarter valued at $35,000. HM Payson & Co. lifted its stake in HubSpot by 36.0% during the 3rd 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 period. Crewe Advisors LLC boosted its holdings in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after acquiring an additional 76 shares during the period. Finally, True Wealth Design LLC acquired a new position in HubSpot during the third quarter valued at $62,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at approximately $33,009,441.57. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Dharmesh Shah sold 25,000 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at approximately $889,973,789.90. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock valued at $29,101,488 over the last three months. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HUBS shares. Royal Bank of Canada boosted their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Raymond James lowered their price objective on HubSpot from $725.00 to $675.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of HubSpot from $560.00 to $635.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Citigroup cut their price objective on shares of HubSpot from $699.00 to $629.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Barclays raised their target price on HubSpot from $500.00 to $650.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, HubSpot has an average rating of "Moderate Buy" and an average price target of $672.68.

HubSpot Stock Performance

Shares of NYSE HUBS traded up $2.21 during trading on Monday, reaching $723.26. The stock had a trading volume of 133,376 shares, compared to its average volume of 589,016. The business's 50-day moving average price is $597.13 and its 200-day moving average price is $555.74. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $754.56. The company has a market cap of $37.33 billion, a P/E ratio of -2,666.75, a PEG ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm's revenue was up 20.1% on a year-over-year basis. Analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

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.