Grandeur Peak Global Advisors LLC Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

Grandeur Peak Global Advisors LLC purchased a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,953 shares of the software maker’s stock, valued at approximately $2,250,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its position in shares of HubSpot by 30.5% in the first quarter. Point72 Asset Management L.P. now owns 51,565 shares of the software maker’s stock valued at $23,421,000 after purchasing an additional 12,065 shares during the period. Eaton Vance Management purchased a new stake in shares of HubSpot in the first quarter valued at $501,000. Amundi Asset Management US Inc. grew its position in shares of HubSpot by 90.7% in the first quarter. Amundi Asset Management US Inc. now owns 231,474 shares of the software maker’s stock valued at $105,137,000 after purchasing an additional 110,061 shares during the period. Verition Fund Management LLC purchased a new stake in shares of HubSpot in the first quarter valued at $372,000. Finally, Jackson Square Capital LLC purchased a new stake in shares of HubSpot in the first quarter valued at $833,000. 90.37% of the stock is owned by institutional investors.

In related news, CTO Dharmesh Shah sold 18,000 shares of the stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $485.50, for a total value of $8,739,000.00. Following the completion of the transaction, the chief technology officer now directly owns 1,542,891 shares of the company’s stock, valued at approximately $749,073,580.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Bueker sold 600 shares of the stock in a transaction that occurred on Wednesday, July 7th. The stock was sold at an average price of $610.00, for a total value of $366,000.00. Following the completion of the transaction, the chief financial officer now directly owns 38,148 shares of the company’s stock, valued at $23,270,280. The disclosure for this sale can be found here. Insiders have sold 49,119 shares of company stock valued at $25,279,844 over the last ninety days. Corporate insiders own 8.30% of the company’s stock.

A number of equities research analysts have recently commented on HUBS shares. Mizuho lifted their price objective on HubSpot from $525.00 to $570.00 in a research report on Thursday, May 6th. Needham & Company LLC boosted their price target on HubSpot from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. BMO Capital Markets boosted their price target on HubSpot from $565.00 to $585.00 and gave the company an “outperform” rating in a research report on Thursday, May 6th. Wolfe Research began coverage on HubSpot in a research report on Wednesday, April 28th. They set an “outperform” rating and a $650.00 price target for the company. Finally, Canaccord Genuity boosted their price target on HubSpot from $560.00 to $580.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $538.21.

Shares of NYSE:HUBS traded up $3.54 during trading on Thursday, hitting $588.03. 307 shares of the company traded hands, compared to its average volume of 345,327. The company has a market capitalization of $27.48 billion, a PE ratio of -292.25 and a beta of 1.72. The stock has a fifty day simple moving average of $543.01. HubSpot, Inc. has a one year low of $215.64 and a one year high of $616.45. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.56.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, May 5th. The software maker reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.10. The company had revenue of $281.37 million during the quarter, compared to analyst estimates of $263.98 million. HubSpot had a negative return on equity of 6.19% and a negative net margin of 9.37%. Equities research analysts predict that HubSpot, Inc. will post -1.55 earnings per share for the current fiscal year.

About HubSpot

HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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