Daiwa Securities Group Inc. grew its holdings in HubSpot, Inc. (NYSE:HUBS – Get Rating) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,948 shares of the software maker’s stock after buying an additional 100 shares during the period. Daiwa Securities Group Inc.’s holdings in HubSpot were worth $1,141,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in HUBS. Acadian Asset Management LLC lifted its position in shares of HubSpot by 49.2% in the first quarter. Acadian Asset Management LLC now owns 704 shares of the software maker’s stock valued at $333,000 after buying an additional 232 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in HubSpot during the 1st quarter worth approximately $1,385,000. Raymond James Trust N.A. lifted its holdings in HubSpot by 12.3% during the 1st quarter. Raymond James Trust N.A. now owns 776 shares of the software maker’s stock worth $368,000 after purchasing an additional 85 shares during the last quarter. Cibc World Market Inc. acquired a new stake in HubSpot during the 1st quarter worth approximately $206,000. Finally, Dimensional Fund Advisors LP lifted its holdings in HubSpot by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 64,334 shares of the software maker’s stock worth $30,562,000 after purchasing an additional 253 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Kathryn Bueker sold 710 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the transaction, the chief financial officer now directly owns 41,124 shares of the company’s stock, valued at approximately $17,469,475.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $422.65, for a total transaction of $3,592,525.00. Following the transaction, the insider now directly owns 613,350 shares of the company’s stock, valued at approximately $259,232,377.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kathryn Bueker sold 710 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $424.80, for a total value of $301,608.00. Following the transaction, the chief financial officer now directly owns 41,124 shares in the company, valued at $17,469,475.20. The disclosure for this sale can be found here. Insiders have sold 17,710 shares of company stock valued at $7,233,358 in the last ninety days. 5.60% of the stock is owned by company insiders.
HubSpot Trading Up 0.8 %
HubSpot (NYSE:HUBS – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.22. The company had revenue of $469.66 million for the quarter, compared to the consensus estimate of $444.95 million. HubSpot had a negative return on equity of 11.16% and a negative net margin of 6.51%. Equities analysts anticipate that HubSpot, Inc. will post -1.72 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on HubSpot from $447.00 to $466.00 and gave the stock an “overweight” rating in a report on Tuesday, March 21st. Credit Suisse Group lifted their price target on HubSpot from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. Oppenheimer lifted their price target on HubSpot from $375.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Needham & Company LLC lifted their price objective on HubSpot from $380.00 to $470.00 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, Mizuho lifted their price objective on HubSpot from $350.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 17th. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.74.
About HubSpot
HubSpot, Inc engages in cloud-based customer relationship management. Its platform includes marketing, sales, service, operations and content management system, as well as other tools, integrations and a native payment solutions. It operates through the following geographical segments: Americas, Europe and Asia Pacific.
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