WINTON GROUP Ltd Makes New Investment in HubSpot, Inc. (NYSE:HUBS)

WINTON GROUP Ltd bought a new position in HubSpot, Inc. (NYSE:HUBS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,592 shares of the software maker’s stock, valued at approximately $1,529,000.

A number of other hedge funds have also recently modified their holdings of HUBS. Wellington Management Group LLP raised its holdings in shares of HubSpot by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,874,322 shares of the software maker’s stock valued at $1,088,119,000 after acquiring an additional 626,977 shares in the last quarter. Jennison Associates LLC grew its position in HubSpot by 62.1% during the 1st quarter. Jennison Associates LLC now owns 1,577,511 shares of the software maker’s stock worth $988,406,000 after purchasing an additional 604,554 shares during the period. Norges Bank acquired a new position in HubSpot in the fourth quarter valued at approximately $311,236,000. Twin Focus Capital Partners LLC boosted its holdings in HubSpot by 92,828.2% during the fourth quarter. Twin Focus Capital Partners LLC now owns 487,873 shares of the software maker’s stock worth $283,230,000 after buying an additional 487,348 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of HubSpot during the 4th quarter valued at about $114,983,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance

Shares of NYSE:HUBS opened at $491.17 on Monday. The stock has a market capitalization of $25.22 billion, a price-to-earnings ratio of -185.35, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The business’s fifty day moving average price is $490.90 and its two-hundred day moving average price is $569.76. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.17) earnings per share. Research analysts expect that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HUBS shares. Evercore ISI cut their price target on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus reduced their target price on HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target on the stock in a research note on Thursday, August 8th. Finally, BMO Capital Markets reduced their price objective on HubSpot from $635.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.79.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total transaction of $14,671,250.00. Following the transaction, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at approximately $791,618,983.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $586.85, for a total value of $14,671,250.00. Following the transaction, the chief technology officer now directly owns 1,348,929 shares in the company, valued at approximately $791,618,983.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 2,877 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the sale, the chief executive officer now owns 68,037 shares in the company, valued at $40,332,333.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is currently owned by corporate insiders.

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.