Assenagon Asset Management S.A. Increases Stock Position in HubSpot, Inc. $HUBS

Assenagon Asset Management S.A. grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 80.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,599 shares of the software maker’s stock after purchasing an additional 21,631 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of HubSpot worth $19,503,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HUBS. Vanguard Group Inc. boosted its stake in shares of HubSpot by 6.4% in the third quarter. Vanguard Group Inc. now owns 5,736,765 shares of the software maker’s stock valued at $2,683,659,000 after buying an additional 345,524 shares in the last quarter. State Street Corp raised its position in HubSpot by 1.9% in the third quarter. State Street Corp now owns 1,148,895 shares of the software maker’s stock worth $537,453,000 after acquiring an additional 21,358 shares in the last quarter. AQR Capital Management LLC raised its position in HubSpot by 89.2% in the third quarter. AQR Capital Management LLC now owns 546,436 shares of the software maker’s stock worth $255,623,000 after acquiring an additional 257,577 shares in the last quarter. Norges Bank acquired a new stake in HubSpot in the second quarter valued at $269,941,000. Finally, Amundi lifted its holdings in HubSpot by 57.6% in the third quarter. Amundi now owns 452,252 shares of the software maker’s stock valued at $209,660,000 after acquiring an additional 165,315 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares in the company, valued at $2,408,423.19. The trade was a 7.67% decrease in their position. The sale 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 company’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 sale, the director directly owned 487,344 shares in the company, valued at approximately $147,850,422.72. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,691 shares of company stock valued at $7,250,662. Corporate insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Canaccord Genuity Group set a $485.00 price objective on shares of HubSpot in a research note on Thursday, February 12th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Stifel Nicolaus lowered their target price on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HubSpot presently has an average rating of “Moderate Buy” and a consensus target price of $443.34.

HubSpot Stock Up 3.0%

HubSpot stock opened at $245.24 on Friday. HubSpot, Inc. has a 52 week low of $207.20 and a 52 week high of $682.57. The firm’s 50-day simple moving average is $264.81 and its 200 day simple moving average is $369.56. The firm has a market capitalization of $12.93 billion, a PE ratio of 281.89, a P/E/G ratio of 3.55 and a beta of 1.40.

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

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.