Janney Capital Management LLC Boosts Stake in HubSpot, Inc. $HUBS

Janney Capital Management LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 34.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,368 shares of the software maker’s stock after purchasing an additional 3,959 shares during the quarter. Janney Capital Management LLC’s holdings in HubSpot were worth $7,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of HUBS. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of HubSpot by 8.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,931 shares of the software maker’s stock valued at $903,000 after purchasing an additional 156 shares in the last quarter. First Horizon Corp purchased a new stake in shares of HubSpot in the 3rd quarter worth approximately $159,000. MGO One Seven LLC increased its position in HubSpot by 26.8% during the 3rd quarter. MGO One Seven LLC now owns 729 shares of the software maker’s stock valued at $341,000 after buying an additional 154 shares in the last quarter. Meeder Asset Management Inc. raised its stake in HubSpot by 77.8% during the third quarter. Meeder Asset Management Inc. now owns 80 shares of the software maker’s stock valued at $37,000 after buying an additional 35 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in HubSpot by 108.7% in the third quarter. Bayforest Capital Ltd now owns 1,177 shares of the software maker’s stock worth $551,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the subject of several analyst reports. KeyCorp reduced their price target on HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company reduced their price objective on shares of HubSpot from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Evercore ISI set a $500.00 target price on shares of HubSpot in a report on Thursday, November 6th. Cantor Fitzgerald cut their price target on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Mizuho lowered their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $612.65.

Insider Buying and Selling

In other news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the transaction, the director owned 496,308 shares of the company’s stock, valued at $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 25,500 shares of company stock valued at $10,058,565 in the last three months. Corporate insiders own 4.00% of the company’s stock.

HubSpot Trading Up 1.2%

HUBS opened at $376.11 on Tuesday. HubSpot, Inc. has a 12-month low of $344.41 and a 12-month high of $881.13. The company has a market cap of $19.70 billion, a price-to-earnings ratio of -4,701.41, a PEG ratio of 8.72 and a beta of 1.46. The company’s 50 day moving average is $385.92 and its 200 day moving average is $455.63.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.08. The business had revenue of $809.52 million for the quarter, compared to the consensus estimate of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $2.18 earnings per share. As a group, analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

About HubSpot

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.