Daiwa Securities Group Inc. Grows Stake in HubSpot, Inc. (NYSE:HUBS)

Daiwa Securities Group Inc. increased its stake in HubSpot, Inc. (NYSE:HUBS) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,776 shares of the software maker’s stock after acquiring an additional 256 shares during the period. Daiwa Securities Group Inc.’s holdings in HubSpot were worth $2,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of HubSpot by 0.9% during the third quarter. Vanguard Group Inc. now owns 4,670,391 shares of the software maker’s stock valued at $2,300,168,000 after buying an additional 41,689 shares during the period. JPMorgan Chase & Co. boosted its position in shares of HubSpot by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 2,716,774 shares of the software maker’s stock valued at $1,338,012,000 after buying an additional 166,381 shares during the period. Wellington Management Group LLP boosted its position in shares of HubSpot by 26.0% during the third quarter. Wellington Management Group LLP now owns 1,247,345 shares of the software maker’s stock valued at $614,317,000 after buying an additional 257,632 shares during the period. Bank of New York Mellon Corp boosted its position in shares of HubSpot by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 799,174 shares of the software maker’s stock valued at $393,593,000 after buying an additional 12,109 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of HubSpot by 728.0% during the third quarter. Jennison Associates LLC now owns 792,135 shares of the software maker’s stock valued at $390,126,000 after buying an additional 696,469 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the sale, the chief executive officer now directly owns 88,861 shares of the company’s stock, valued at $56,356,534.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the sale, the insider now directly owns 526,041 shares of the company’s stock, valued at $334,656,763.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $634.21, for a total transaction of $73,568.36. Following the completion of the sale, the chief executive officer now directly owns 88,861 shares in the company, valued at $56,356,534.81. The disclosure for this sale can be found here. Insiders have sold 22,362 shares of company stock valued at $14,012,491 over the last ninety days. 4.90% of the stock is currently owned by insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $633.11 on Tuesday. The business’s fifty day simple moving average is $625.44 and its 200-day simple moving average is $555.27. The company has a market cap of $32.08 billion, a PE ratio of -178.34 and a beta of 1.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.35. HubSpot, Inc. has a 12-month low of $399.48 and a 12-month high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to the consensus estimate of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. Analysts expect that HubSpot, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HUBS. TheStreet upgraded HubSpot from a “d+” rating to a “c-” rating in a research report on Thursday, January 4th. Wolfe Research lifted their price target on shares of HubSpot from $660.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Stifel Nicolaus lifted their price target on shares of HubSpot from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Evercore ISI lifted their price target on shares of HubSpot from $625.00 to $650.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets lifted their price target on shares of HubSpot from $540.00 to $710.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.36.

HubSpot Company 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.