Alight Capital Management LP Buys 3,000 Shares of HubSpot, Inc. $HUBS

Alight Capital Management LP grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 30.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,000 shares of the software maker’s stock after buying an additional 3,000 shares during the quarter. HubSpot makes up 1.3% of Alight Capital Management LP’s holdings, making the stock its 28th biggest holding. Alight Capital Management LP’s holdings in HubSpot were worth $6,081,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in shares of HubSpot by 23.7% in the third quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock valued at $11,128,000 after buying an additional 4,559 shares during the period. Rakuten Investment Management Inc. bought a new stake in HubSpot during the 3rd quarter worth approximately $48,548,000. Nordea Investment Management AB grew its holdings in HubSpot by 34.9% during the 3rd quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after acquiring an additional 5,595 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in HubSpot in the 3rd quarter valued at approximately $2,079,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in HubSpot by 20.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the software maker’s stock valued at $18,209,000 after acquiring an additional 6,709 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Price Performance

Shares of HubSpot stock opened at $264.14 on Friday. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The stock’s 50-day moving average is $285.47 and its 200 day moving average is $382.72. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 303.61, a PEG ratio of 3.94 and a beta of 1.40.

HubSpot (NYSE:HUBS) last issued its 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. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. During the same period in the previous year, the company posted $2.32 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HUBS. Barclays cut their price target on shares of HubSpot from $525.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. BMO Capital Markets decreased their price objective on HubSpot from $385.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Stifel Nicolaus lowered their target price on HubSpot from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Oppenheimer cut their target price on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Zacks Research upgraded HubSpot from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $454.20.

Insiders Place Their Bets

In other news, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares in the company, valued at $121,735,504. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,691 shares of company stock valued at $8,136,702 in the last 90 days. 4.00% of the stock is currently owned by company insiders.

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.