Point72 Hong Kong Ltd Has $2.89 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

Point72 Hong Kong Ltd cut its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 78.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,431 shares of the software maker's stock after selling 19,949 shares during the quarter. Point72 Hong Kong Ltd's holdings in HubSpot were worth $2,887,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of HubSpot in the 2nd quarter valued at about $35,000. HM Payson & Co. boosted its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker's stock valued at $36,000 after acquiring an additional 18 shares in the last quarter. Crewe Advisors LLC boosted its stake in HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker's stock valued at $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in shares of HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker's stock worth $51,000 after buying an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker's stock worth $64,000 after purchasing an additional 32 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Up 0.2 %

NYSE HUBS traded up $1.41 on Monday, hitting $722.46. The company's stock had a trading volume of 91,097 shares, compared to its average volume of 588,834. The firm has a market cap of $37.29 billion, a P/E ratio of -2,666.75, a PEG ratio of 87.65 and a beta of 1.63. The company's 50-day simple moving average is $597.13 and its 200 day simple moving average is $555.74. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $754.56.

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

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,136 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $525.84, for a total transaction of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $21,695,632.56. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of the 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 $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,391 shares of company stock worth $29,101,488. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of HubSpot from $610.00 to $700.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Canaccord Genuity Group upped 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. Royal Bank of Canada increased their price objective on shares of HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on shares of HubSpot from $570.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, KeyCorp upgraded shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 target price for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $672.68.

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.