Point72 DIFC Ltd Invests $1.41 Million in HubSpot, Inc. (NYSE:HUBS)

Point72 DIFC Ltd acquired a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,643 shares of the software maker's stock, valued at approximately $1,405,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GDS Wealth Management acquired a new position in shares of HubSpot in the 3rd quarter valued at approximately $2,149,000. Pallas Capital Advisors LLC acquired a new position in shares of HubSpot in the 3rd quarter valued at approximately $624,000. Headlands Technologies LLC acquired a new position in shares of HubSpot in the 2nd quarter valued at approximately $3,135,000. Icon Wealth Advisors LLC grew its position in shares of HubSpot by 3,346.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker's stock valued at $11,212,000 after purchasing an additional 20,479 shares during the period. Finally, Curi RMB Capital LLC grew its position in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker's stock valued at $3,797,000 after purchasing an additional 937 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HUBS shares. Barclays upped their price target on HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. KeyCorp raised HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. BMO Capital Markets upped their price target on HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on HubSpot from $626.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $672.68.

Insiders Place Their Bets

In other HubSpot news, insider Dawson Alyssa Harvey sold 573 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now owns 7,603 shares in the company, valued at $5,322,100. This trade represents a 7.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 1,507 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $792,440.88. Following the sale, the chief executive officer now directly owns 62,668 shares in the company, valued at approximately $32,953,341.12. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,390 shares of company stock worth $29,126,596 in the last 90 days. Company insiders own 4.50% of the company's stock.

HubSpot Stock Performance

HUBS traded down $19.95 during trading hours on Thursday, reaching $737.45. The company's stock had a trading volume of 576,385 shares, compared to its average volume of 588,955. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $762.47. The company's 50-day moving average is $613.35 and its 200-day moving average is $559.91. The firm has a market cap of $38.07 billion, a PE ratio of -2,731.20, a price-to-earnings-growth ratio of 87.45 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 for the quarter, beating analysts' consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analysts' expectations of $646.97 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

About HubSpot

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.