Jackson Square Capital LLC Purchases Shares of 4,081 HubSpot, Inc. (NYSE:HUBS)

Jackson Square Capital LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,081 shares of the software maker’s stock, valued at approximately $2,844,000.

A number of other hedge funds have also recently modified their holdings of HUBS. Wellington Management Group LLP increased its position in shares of HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after buying an additional 480,796 shares during the period. Fred Alger Management LLC lifted its stake in shares of HubSpot by 516.2% in the 2nd quarter. Fred Alger Management LLC now owns 163,291 shares of the software maker’s stock valued at $96,307,000 after purchasing an additional 136,793 shares during the period. International Assets Investment Management LLC boosted its position in shares of HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares in the last quarter. Marshall Wace LLP grew its stake in HubSpot by 88.7% in the second quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after purchasing an additional 113,555 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 17.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after purchasing an additional 86,688 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HUBS shares. TD Cowen downgraded shares of HubSpot from a “buy” rating to a “hold” rating and upped their target price for the stock from $680.00 to $725.00 in a research report on Friday. Royal Bank of Canada raised their target price on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Scotiabank raised their price objective on HubSpot from $700.00 to $825.00 and gave the company a “sector outperform” rating in a research report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $721.26.

HubSpot Stock Performance

Shares of HubSpot stock opened at $704.08 on Friday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47. The company’s 50 day moving average is $713.49 and its 200 day moving average is $586.06.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating 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 firm had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue was up 20.1% compared to the same quarter last year. Equities analysts expect that HubSpot, Inc. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dawson Alyssa Harvey sold 573 shares of HubSpot stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $401,100.00. Following the transaction, the insider now directly owns 7,603 shares in the company, valued at approximately $5,322,100. The trade was a 7.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,066 shares of company stock valued at $54,900,427. Insiders own 4.50% of the company’s stock.

HubSpot 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.