HubSpot, Inc. (NYSE:HUBS) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 49.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 207,842 shares of the software maker’s stock after purchasing an additional 68,827 shares during the quarter. HubSpot comprises about 1.7% of TimesSquare Capital Management LLC’s holdings, making the stock its 8th largest holding. TimesSquare Capital Management LLC’s holdings in HubSpot were worth $110,489,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. M&G Plc purchased a new position in HubSpot during the first quarter worth about $8,533,000. Pallas Capital Advisors LLC purchased a new stake in HubSpot in the 3rd quarter valued at about $624,000. Headlands Technologies LLC acquired a new position in HubSpot in the second quarter valued at about $3,135,000. Linden Thomas Advisory Services LLC purchased a new position in HubSpot during the second quarter worth about $1,346,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of HubSpot by 32.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after acquiring an additional 3,550 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $656.56 on Friday. HubSpot, Inc. has a one year low of $413.07 and a one year high of $693.85. The company has a market cap of $33.89 billion, a P/E ratio of -2,431.70, a PEG ratio of 7,948.12 and a beta of 1.63. The business’s 50-day simple moving average is $535.45 and its 200-day simple moving average is $546.83.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.22%. HubSpot’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share.

Analyst Upgrades and Downgrades

HUBS has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler cut HubSpot from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $570.00 to $640.00 in a research note on Thursday. BMO Capital Markets lifted their price objective on HubSpot from $570.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James cut their price objective on HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group raised their target price on HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $666.26.

Insider Activity

In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction that occurred 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 sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 1,804 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $550.00, for a total value of $992,200.00. Following the completion of the transaction, the chief financial officer now owns 41,259 shares of the company’s stock, valued at $22,692,450. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,937 shares of company stock valued at $3,194,673 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

About HubSpot

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.