Invictus RG Acquires New Position in HubSpot Inc (NYSE:HUBS)

Invictus RG purchased a new position in HubSpot Inc (NYSE:HUBS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,415 shares of the software maker’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC grew its stake in HubSpot by 1.1% during the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock valued at $360,394,000 after acquiring an additional 59,473 shares in the last quarter. Vanguard Group Inc. grew its stake in HubSpot by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock valued at $172,718,000 after acquiring an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HubSpot by 145.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock valued at $155,602,000 after acquiring an additional 1,400,677 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of HubSpot by 3.5% during the 3rd quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock valued at $74,979,000 after buying an additional 30,290 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of HubSpot by 17.4% during the 2nd quarter. State Street Corp now owns 622,514 shares of the software maker’s stock valued at $40,930,000 after buying an additional 92,448 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the sale, the chief executive officer now directly owns 796,119 shares in the company, valued at $70,297,307.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Kinzer sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $83.39, for a total value of $1,250,850.00. Following the sale, the chief financial officer now owns 87,786 shares in the company, valued at $7,320,474.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,000 shares of company stock worth $5,749,530. 12.10% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on HUBS. Cowen lifted their price target on HubSpot from $69.00 to $76.00 and gave the company a “market perform” rating in a report on Thursday, September 28th. KeyCorp reiterated a “buy” rating and set a $86.00 price target on shares of HubSpot in a report on Wednesday, September 27th. UBS Group reiterated an “outperform” rating and set a $82.00 price target (up from $80.00) on shares of HubSpot in a report on Wednesday, September 27th. Canaccord Genuity reiterated a “buy” rating and set a $83.00 price target on shares of HubSpot in a report on Wednesday, September 27th. Finally, Oppenheimer restated a “buy” rating and issued a $82.00 target price on shares of HubSpot in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $84.82.

Shares of HubSpot Inc (NYSE:HUBS) traded down $0.70 during mid-day trading on Friday, hitting $88.40. The stock had a trading volume of 305,616 shares, compared to its average volume of 611,629. The firm has a market capitalization of $3,329.80, a price-to-earnings ratio of -76.21 and a beta of 2.30. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot Inc has a one year low of $46.26 and a one year high of $93.53.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. The business had revenue of $97.73 million for the quarter, compared to analysts’ expectations of $96.50 million. HubSpot had a negative return on equity of 21.93% and a negative net margin of 12.16%. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. equities analysts expect that HubSpot Inc will post -0.99 EPS for the current fiscal year.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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