HubSpot, Inc. $HUBS Stock Position Lowered by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in shares of HubSpot, Inc. (NYSE:HUBS) by 30.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,614 shares of the software maker’s stock after selling 29,646 shares during the period. Jupiter Asset Management Ltd. owned 0.13% of HubSpot worth $32,098,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of HubSpot by 2.5% in the third quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker’s stock worth $503,000 after buying an additional 26 shares during the period. First Horizon Advisors Inc. boosted its position in HubSpot by 4.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 597 shares of the software maker’s stock worth $332,000 after acquiring an additional 27 shares during the period. Insigneo Advisory Services LLC grew its stake in HubSpot by 6.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker’s stock valued at $262,000 after acquiring an additional 28 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of HubSpot by 5.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker’s stock valued at $244,000 after purchasing an additional 28 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of HubSpot by 9.1% in the third quarter. Bessemer Group Inc. now owns 335 shares of the software maker’s stock worth $156,000 after purchasing an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the sale, the insider owned 10,119 shares in the company, valued at $2,408,423.19. This represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Halligan sold 8,261 shares of HubSpot stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total value of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares in the company, valued at approximately $121,735,504. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,691 shares of company stock worth $8,136,702. 4.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HUBS has been the topic of a number of research reports. Citigroup upped their price target on shares of HubSpot from $600.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Barclays dropped their target price on HubSpot from $525.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. BTIG Research reduced their price target on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 12th. Finally, Stifel Nicolaus cut their price objective on shares of HubSpot from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Stock Performance

HUBS opened at $239.36 on Friday. The firm has a market cap of $12.62 billion, a P/E ratio of 275.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.44. The business has a 50 day moving average price of $326.43 and a 200 day moving average price of $404.67. HubSpot, Inc. has a twelve month low of $207.20 and a twelve month high of $766.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. As a group, analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

HubSpot Profile

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.