Russell Investments Group Ltd. Increases Stock Position in HubSpot, Inc. $HUBS

Russell Investments Group Ltd. lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,634 shares of the software maker’s stock after buying an additional 12,153 shares during the period. Russell Investments Group Ltd.’s holdings in HubSpot were worth $35,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HUBS. Goodman Advisory Group LLC purchased a new position in HubSpot in the second quarter worth about $27,000. Exane Asset Management purchased a new position in HubSpot during the third quarter valued at $30,000. Rakuten Securities Inc. grew its holdings in HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the period. Westside Investment Management Inc. raised its stake in HubSpot by 80.5% during the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock worth $33,000 after acquiring an additional 33 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in HubSpot in the 2nd quarter worth $34,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Stock Performance

HUBS opened at $259.09 on Thursday. HubSpot, Inc. has a one year low of $207.20 and a one year high of $682.57. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 297.81, a P/E/G ratio of 4.02 and a beta of 1.40. The stock’s 50 day moving average price is $290.72 and its 200-day moving average price is $385.54.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho dropped their target price on shares of HubSpot from $550.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group cut their price target on HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Oppenheimer decreased their price objective on HubSpot from $550.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. BTIG Research lowered their target price on HubSpot from $500.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, BMO Capital Markets reduced their target price on shares of HubSpot from $385.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $454.20.

Insider Transactions at HubSpot

In other news, insider Erika Ashley Fisher sold 841 shares of HubSpot stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider directly owned 10,119 shares in the company, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Halligan sold 8,261 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the transaction, the director owned 481,168 shares of the company’s stock, valued at $121,735,504. This represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,691 shares of company stock valued at $8,136,702. 4.00% of the stock is owned by insiders.

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.