HubSpot, Inc. $HUBS Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 217.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,520 shares of the software maker’s stock after acquiring an additional 14,060 shares during the period. Cwm LLC’s holdings in HubSpot were worth $9,599,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of HubSpot by 16.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the software maker’s stock valued at $478,000 after acquiring an additional 117 shares during the period. MetLife Investment Management LLC increased its holdings in HubSpot by 1.2% in the 1st quarter. MetLife Investment Management LLC now owns 3,048 shares of the software maker’s stock valued at $1,741,000 after purchasing an additional 35 shares during the last quarter. Canada Pension Plan Investment Board raised its position in HubSpot by 32.3% in the first quarter. Canada Pension Plan Investment Board now owns 64,053 shares of the software maker’s stock valued at $36,593,000 after purchasing an additional 15,647 shares during the period. Vident Advisory LLC lifted its stake in HubSpot by 54.2% during the first quarter. Vident Advisory LLC now owns 1,707 shares of the software maker’s stock worth $975,000 after purchasing an additional 600 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in HubSpot by 11.9% during the first quarter. Baird Financial Group Inc. now owns 68,167 shares of the software maker’s stock worth $38,943,000 after purchasing an additional 7,256 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HUBS shares. Mizuho dropped their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. KeyCorp dropped their target price on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. BTIG Research initiated coverage on shares of HubSpot in a research note on Tuesday, December 16th. They set a “buy” rating and a $500.00 price target on the stock. The Goldman Sachs Group lowered their price objective on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $613.45.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the transaction, the chief executive officer owned 56,277 shares in the company, valued at approximately $28,138,500. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares in the company, valued at $182,140,072.92. This trade represents a 1.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,502 shares of company stock valued at $11,559,565. Insiders own 4.00% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $399.53 on Tuesday. The business has a 50-day simple moving average of $403.45 and a 200-day simple moving average of $466.72. HubSpot, Inc. has a one year low of $344.41 and a one year high of $881.13. The company has a market cap of $20.93 billion, a PE ratio of -4,994.15, a P/E/G ratio of 13.50 and a beta of 1.46.

HubSpot (NYSE:HUBS) last issued its earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm had revenue of $809.52 million for the quarter, compared to analysts’ expectations of $786.80 million. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.