Penserra Capital Management LLC Has $1.80 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Penserra Capital Management LLC grew its position in shares of HubSpot, Inc. (NYSE:HUBS) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,380 shares of the software maker’s stock after acquiring an additional 476 shares during the quarter. Penserra Capital Management LLC’s holdings in HubSpot were worth $1,795,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in HubSpot during the second quarter worth $35,000. HM Payson & Co. boosted its stake in shares of HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock worth $36,000 after buying an additional 18 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of HubSpot by 525.0% in the 2nd quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in HubSpot by 41.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after acquiring an additional 32 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at HubSpot

In related news, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares of the company’s stock, valued at approximately $28,881,300. The trade was a 9.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total transaction of $5,623,515.00. Following the completion of the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,391 shares of company stock worth $29,101,488 over the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.5 %

Shares of NYSE:HUBS opened at $731.82 on Tuesday. The firm has a 50 day moving average of $580.27 and a 200-day moving average of $552.24. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $754.56. The stock has a market capitalization of $37.78 billion, a PE ratio of -2,710.34, a PEG ratio of 90.27 and a beta of 1.63.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate 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 business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. On average, research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HUBS shares. Royal Bank of Canada raised their price target on HubSpot from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler cut shares of HubSpot from an “overweight” rating to a “neutral” rating and upped their target price for the company from $570.00 to $640.00 in a report on Thursday, November 7th. Finally, Oppenheimer lifted their price target on HubSpot from $625.00 to $740.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, HubSpot presently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

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.