Dynamic Technology Lab Private Ltd Reduces Stake in HubSpot, Inc. (NYSE:HUBS)

Dynamic Technology Lab Private Ltd reduced its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 65.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,102 shares of the software maker’s stock after selling 2,059 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in HubSpot were worth $586,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HUBS. Fred Alger Management LLC grew its holdings in HubSpot by 516.2% during the second 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 lifted its position in shares of HubSpot by 214,342.4% during the 3rd quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after buying an additional 126,462 shares during the last quarter. Marshall Wace LLP grew its stake in shares of HubSpot by 88.7% during the 2nd quarter. Marshall Wace LLP now owns 241,557 shares of the software maker’s stock worth $142,468,000 after acquiring an additional 113,555 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after acquiring an additional 86,688 shares during the last quarter. Finally, Dorsal Capital Management LP purchased a new stake in HubSpot in the 2nd quarter worth about $44,234,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other HubSpot news, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $22,692,450. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,391 shares of company stock valued at $29,101,488. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on HUBS. BMO Capital Markets increased their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of HubSpot from $626.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $672.68.

HubSpot Trading Down 1.0 %

Shares of NYSE HUBS opened at $722.76 on Friday. The stock’s 50-day moving average is $593.23 and its 200 day moving average is $555.52. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of -2,676.79, a P/E/G ratio of 88.96 and a beta of 1.63. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $754.56.

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

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.