Delta Global Management LP Acquires Shares of 4,818 HubSpot, Inc. $HUBS

Delta Global Management LP bought a new position in shares of HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,818 shares of the software maker’s stock, valued at approximately $2,254,000.

Several other large investors have also recently modified their holdings of HUBS. Thrivent Financial for Lutherans boosted its holdings in HubSpot by 23.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 23,789 shares of the software maker’s stock worth $11,128,000 after buying an additional 4,559 shares during the period. Rakuten Investment Management Inc. bought a new stake in HubSpot during the 3rd quarter valued at $48,548,000. Nordea Investment Management AB lifted its position in shares of HubSpot by 34.9% during the third quarter. Nordea Investment Management AB now owns 21,638 shares of the software maker’s stock worth $10,148,000 after acquiring an additional 5,595 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of HubSpot in the third quarter worth $2,079,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of HubSpot by 20.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the software maker’s stock worth $18,209,000 after acquiring an additional 6,709 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the completion of the transaction, the director owned 487,344 shares of the company’s stock, valued at $147,850,422.72. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the business’s 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 transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,191 shares of company stock worth $5,017,287. 4.00% of the stock is owned by company insiders.

HubSpot Stock Performance

Shares of HUBS stock opened at $264.28 on Tuesday. The company has a market capitalization of $13.94 billion, a PE ratio of 303.77, a price-to-earnings-growth ratio of 3.94 and a beta of 1.40. HubSpot, Inc. has a 52-week low of $207.20 and a 52-week high of $682.57. The business’s fifty day moving average is $283.16 and its 200 day moving average is $380.61.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The business had revenue of $846.75 million for the quarter, compared to analyst estimates of $830.65 million. During the same period in the prior year, the company earned $2.32 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HUBS has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Needham & Company LLC cut their target price on HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of HubSpot in a report on Friday, January 9th. Piper Sandler decreased their price target on HubSpot from $400.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Two investment 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 issued a Sell rating to the stock. According to MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $454.20.

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.