Alyeska Investment Group L.P. Invests $64.93 Million in HubSpot, Inc. $HUBS

Key Points

• Alyeska Investment Group L.P. has acquired a new stake in HubSpot, Inc. worth approximately $64.93 million, purchasing 113,652 shares during the first quarter.
• Insider transactions include Director Brian Halligan selling 8,500 shares for around $3.82 million, which reduced his position by 1.60%.
• Analysts have adjusted their price targets for HubSpot, with the consensus price target now at $722.93, reflecting a generally optimistic view with multiple "buy" ratings.

Alyeska Investment Group L.P. acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 113,652 shares of the software maker's stock, valued at approximately $64,928,000. Alyeska Investment Group L.P. owned approximately 0.22% of HubSpot as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after buying an additional 201,994 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in HubSpot by 17.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after buying an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after buying an additional 251,853 shares in the last quarter. Groupama Asset Managment grew its stake in HubSpot by 0.8% during the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock worth $418,514,000 after buying an additional 5,779 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in HubSpot by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 567,465 shares of the software maker's stock worth $395,393,000 after buying an additional 40,404 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the sale, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the completion of the sale, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,498 shares of company stock valued at $14,752,256. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUBS. Citigroup reduced their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Sanford C. Bernstein upgraded shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target on the stock in a research note on Wednesday, September 3rd. Stifel Nicolaus reduced their price target on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Canaccord Genuity Group reduced their price target on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Finally, KeyCorp reduced their price target on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $722.93.

HubSpot Stock Performance

Shares of HUBS stock traded up $11.54 during trading hours on Monday, hitting $499.07. 893,840 shares of the company were exchanged, compared to its average volume of 743,870. The company has a 50 day simple moving average of $504.15 and a two-hundred day simple moving average of $566.55. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The firm has a market cap of $26.30 billion, a P/E ratio of -2,169.87, a P/E/G ratio of 16.80 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. HubSpot's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal 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.