Assenagon Asset Management S.A. Raises Stake in HubSpot, Inc. $HUBS

Assenagon Asset Management S.A. lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 80.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,599 shares of the software maker’s stock after buying an additional 21,631 shares during the quarter. Assenagon Asset Management S.A.’s holdings in HubSpot were worth $19,503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HUBS. Fifth Third Bancorp raised its holdings in HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock valued at $503,000 after buying an additional 26 shares during the period. Insigneo Advisory Services LLC grew its stake in HubSpot by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock worth $262,000 after buying an additional 28 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock worth $244,000 after acquiring an additional 28 shares in the last quarter. Bessemer Group Inc. increased its position in shares of HubSpot by 9.1% in the third quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock worth $156,000 after acquiring an additional 28 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in shares of HubSpot by 27.1% in the 2nd quarter. Asset Dedication LLC now owns 136 shares of the software maker’s stock valued at $76,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Stock Up 3.0%

Shares of HUBS opened at $245.24 on Friday. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 281.89, a PEG ratio of 3.55 and a beta of 1.40. The business’s 50 day moving average is $264.81 and its two-hundred day moving average is $369.56. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $682.57.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 earnings per share. On average, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total transaction of $2,578,730.00. Following the completion of the sale, the director owned 487,344 shares in the company, valued at approximately $147,850,422.72. This trade represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,691 shares of company stock valued at $7,250,662. 4.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HUBS. Wells Fargo & Company reduced their target price on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Cantor Fitzgerald raised their price objective on HubSpot from $280.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Zacks Research upgraded HubSpot from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. BTIG Research decreased their target price on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of HubSpot in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Company Profile

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.