Marshall Wace LLP Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Marshall Wace LLP grew its stake in HubSpot, Inc. (NYSE:HUBS) by 88.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,557 shares of the software maker’s stock after acquiring an additional 113,555 shares during the quarter. Marshall Wace LLP owned about 0.47% of HubSpot worth $142,468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of HubSpot by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,790,390 shares of the software maker’s stock worth $2,781,013,000 after buying an additional 119,999 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of HubSpot by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 22,402 shares of the software maker’s stock worth $13,022,000 after purchasing an additional 2,057 shares during the period. Stifel Financial Corp boosted its holdings in shares of HubSpot by 15.1% during the fourth quarter. Stifel Financial Corp now owns 33,248 shares of the software maker’s stock worth $19,302,000 after purchasing an additional 4,371 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of HubSpot by 74.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the software maker’s stock valued at $2,117,000 after purchasing an additional 1,560 shares during the period. Finally, M&G Plc acquired a new position in HubSpot in the first quarter valued at $8,533,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays dropped their price objective on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Oppenheimer reiterated an “outperform” rating and set a $625.00 target price on shares of HubSpot in a report on Thursday, September 19th. Citigroup cut their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $730.00 target price on shares of HubSpot in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $610.79.

Insider Activity

In related news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction 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 transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares of the company’s stock, valued at $33,009,441.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares of the company’s stock, valued at approximately $4,548,484.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,012 shares of company stock worth $21,300,253. Insiders own 4.50% of the company’s stock.

HubSpot Stock Up 0.1 %

Shares of HUBS stock opened at $527.32 on Tuesday. The stock has a 50-day simple moving average of $490.90 and a 200 day simple moving average of $565.28. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The stock has a market capitalization of $26.87 billion, a P/E ratio of -198.99, a P/E/G ratio of 3,140.82 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The company had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the previous year, the company posted ($1.17) EPS. The business’s revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that HubSpot, Inc. will post 0.01 earnings per share for the current year.

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.