Edgestream Partners L.P. Acquires 10,052 Shares of HubSpot, Inc. (NYSE:HUBS)

Edgestream Partners L.P. increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 272.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,737 shares of the software maker’s stock after acquiring an additional 10,052 shares during the quarter. Edgestream Partners L.P.’s holdings in HubSpot were worth $7,303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HUBS. International Assets Investment Management LLC bought a new stake in shares of HubSpot during the 2nd quarter valued at $35,000. HM Payson & Co. raised its stake in HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after purchasing an additional 18 shares in the last quarter. Crewe Advisors LLC lifted its position in HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares during the period. J.Safra Asset Management Corp grew its stake in HubSpot by 690.9% during the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after buying an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 1,136 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $525.84, for a total value of $597,354.24. Following the transaction, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at $21,695,632.56. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,391 shares of company stock worth $29,101,488 over the last ninety days. Insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $721.42 on Friday. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56. The firm has a market cap of $37.24 billion, a PE ratio of -2,671.83, a price-to-earnings-growth ratio of 87.86 and a beta of 1.63. The firm’s fifty day moving average is $597.13 and its 200-day moving average is $556.38.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBS. BMO Capital Markets boosted their target price on shares of HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $560.00 to $635.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays lifted their price target on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group upped their price objective on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $672.68.

About HubSpot

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.