Alliancebernstein L.P. Has $205.60 Million Stock Holdings in HubSpot, Inc. $HUBS

Alliancebernstein L.P. boosted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,505 shares of the software maker’s stock after purchasing an additional 63,429 shares during the period. Alliancebernstein L.P. owned about 0.84% of HubSpot worth $205,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HUBS. Empowered Funds LLC lifted its holdings in HubSpot by 88.5% during the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after purchasing an additional 737 shares during the last quarter. Allworth Financial LP grew its holdings in shares of HubSpot by 67.7% during the second quarter. Allworth Financial LP now owns 275 shares of the software maker’s stock worth $153,000 after purchasing an additional 111 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of HubSpot in the second quarter valued at $313,000. Candriam S.C.A. increased its stake in shares of HubSpot by 16.2% in the second quarter. Candriam S.C.A. now owns 4,676 shares of the software maker’s stock valued at $2,603,000 after buying an additional 651 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of HubSpot by 453.8% in the second quarter. SG Americas Securities LLC now owns 11,891 shares of the software maker’s stock valued at $6,619,000 after buying an additional 9,744 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 0.0%

Shares of HUBS opened at $264.28 on Tuesday. The stock has a market cap of $13.94 billion, a P/E ratio of 303.77, a price-to-earnings-growth ratio of 3.94 and a beta of 1.40. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $682.57. The stock’s 50-day moving average price is $283.16 and its two-hundred day moving average price is $380.61.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating 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 company had revenue of $846.75 million during the quarter, compared to analysts’ expectations of $830.65 million. During the same period in the prior year, the business posted $2.32 EPS. HubSpot’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, insider Erika Ashley Fisher sold 841 shares of HubSpot 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 transaction, the insider owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,191 shares of company stock worth $5,017,287. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Oppenheimer decreased their price objective on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Needham & Company LLC lowered their target price on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Wells Fargo & Company dropped their target price on HubSpot from $600.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, BTIG Research decreased their price target on HubSpot from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $454.20.

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.