Zweig DiMenna Associates LLC Raises Holdings in HubSpot, Inc. (NYSE:HUBS)

Zweig DiMenna Associates LLC grew its stake in HubSpot, Inc. (NYSE:HUBS) by 76.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,254 shares of the software maker’s stock after buying an additional 14,000 shares during the quarter. HubSpot accounts for approximately 1.7% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 18th biggest position. Zweig DiMenna Associates LLC owned approximately 0.06% of HubSpot worth $17,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&G Plc acquired a new stake in HubSpot in the first quarter valued at $8,533,000. Headlands Technologies LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth about $3,135,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in HubSpot by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock worth $9,257,000 after purchasing an additional 3,750 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in HubSpot in the second quarter valued at approximately $1,346,000. Finally, DekaBank Deutsche Girozentrale increased its stake in HubSpot by 32.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after purchasing an additional 3,550 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBS has been the subject of several recent analyst reports. Barclays reduced 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. BMO Capital Markets restated an “outperform” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, September 19th. Truist Financial reiterated a “buy” rating and set a $600.00 target price (down previously from $700.00) on shares of HubSpot in a research report on Thursday, August 8th. Raymond James reduced their target price on HubSpot from $725.00 to $675.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI raised their price target on HubSpot from $550.00 to $610.00 and gave the stock an “in-line” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $614.33.

HubSpot Trading Up 4.2 %

Shares of HubSpot stock opened at $554.31 on Friday. The company has a 50-day moving average of $515.39 and a two-hundred day moving average of $551.97. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock has a market cap of $28.25 billion, a PE ratio of -209.17, a price-to-earnings-growth ratio of 7,193.98 and a beta of 1.64.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The firm had revenue of $637.20 million during the quarter, compared to the consensus estimate of $619.28 million. During the same period last year, the business posted ($1.17) EPS. HubSpot’s quarterly revenue was up 20.4% on a year-over-year basis.

Insider Transactions at HubSpot

In other HubSpot news, CEO Yamini Rangan sold 116 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 1,804 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $550.00, for a total transaction of $992,200.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at $22,692,450. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,321 shares of company stock valued at $3,374,089 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.