Advantage Alpha Capital Partners LP Grows Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Advantage Alpha Capital Partners LP increased its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 113.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,666 shares of the software maker’s stock after acquiring an additional 9,919 shares during the period. HubSpot accounts for 2.3% of Advantage Alpha Capital Partners LP’s holdings, making the stock its largest position. Advantage Alpha Capital Partners LP’s holdings in HubSpot were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of HUBS. International Assets Investment Management LLC acquired a new position in HubSpot in the second quarter valued at about $35,000. HM Payson & Co. raised its stake in shares of HubSpot by 36.0% in the third quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of HubSpot by 525.0% in the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of HubSpot by 690.9% in the 2nd quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in HubSpot by 41.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock worth $64,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. KeyCorp upgraded HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research report on Thursday, August 8th. Bank of America cut their price target on HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group increased their price objective on shares of HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus increased their price target on shares of HubSpot from $600.00 to $625.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $672.68.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 116 shares of HubSpot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the sale, the chief executive officer now owns 67,203 shares of the company’s stock, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,391 shares of company stock worth $29,101,488. 4.50% of the stock is owned by insiders.

HubSpot Stock Performance

HubSpot stock opened at $731.82 on Tuesday. The stock has a 50-day simple moving average of $580.27 and a 200 day simple moving average of $552.24. The stock has a market capitalization of $37.78 billion, a P/E ratio of -2,710.34, a PEG ratio of 90.27 and a beta of 1.63. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $754.56.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year.

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.