Rakuten Investment Management Inc. Acquires New Position in HubSpot, Inc. $HUBS

Rakuten Investment Management Inc. bought a new position in HubSpot, Inc. (NYSE:HUBS) in the third quarter, according to its most recent filing with the SEC. The firm bought 103,779 shares of the software maker’s stock, valued at approximately $48,548,000. Rakuten Investment Management Inc. owned approximately 0.20% of HubSpot as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of HubSpot by 3.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,931 shares of the software maker’s stock worth $24,293,000 after buying an additional 1,805 shares during the last quarter. Impact Investors Inc increased its position in shares of HubSpot by 13.8% in the 3rd quarter. Impact Investors Inc now owns 444 shares of the software maker’s stock valued at $208,000 after acquiring an additional 54 shares during the period. Triasima Portfolio Management inc. acquired a new position in shares of HubSpot in the 3rd quarter valued at $2,079,000. Jackson Thornton Wealth Management LLC purchased a new position in HubSpot in the 3rd quarter worth $298,000. Finally, Slow Capital Inc. lifted its position in HubSpot by 11.6% during the 3rd quarter. Slow Capital Inc. now owns 13,702 shares of the software maker’s stock worth $6,410,000 after acquiring an additional 1,427 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 496,308 shares of the company’s stock, valued at approximately $182,140,072.92. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 17,235 shares of company stock worth $6,364,276 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HUBS shares. Bank of America reduced their price objective on HubSpot from $640.00 to $515.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Needham & Company LLC reduced their price target on shares of HubSpot from $900.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their price objective on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Evercore ISI set a $500.00 price objective on shares of HubSpot in a research note on Thursday, November 6th. Finally, Jefferies Financial Group decreased their target price on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $603.07.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $304.98 on Wednesday. The company has a market capitalization of $15.98 billion, a PE ratio of -3,812.29, a price-to-earnings-growth ratio of 7.38 and a beta of 1.46. The company’s fifty day moving average price is $375.00 and its 200 day moving average price is $445.99. HubSpot, Inc. has a 1 year low of $302.00 and a 1 year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The business had revenue of $809.52 million during the quarter, compared to the consensus estimate of $786.80 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current 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.