HubSpot, Inc. $HUBS Shares Purchased by Spyglass Capital Management LLC

Key Points

• Spyglass Capital Management LLC boosted its HubSpot stake by 145.4% in Q3 to 225,229 shares, making HubSpot its 4th-largest holding worth about $105.36 million (0.43% of the company).
• Wall Street's consensus is a Moderate Buy with an average price target of $454.20, though analyst views diverge sharply (e.g., Citigroup $640 vs. Barclays $300).
• HubSpot recently beat estimates with EPS of $3.09 (vs. $2.99 expected) and revenue of $846.75M, up 20.4% year-over-year, while shares trade around $264.14, well below the 1‑year high of $682.57.

Spyglass Capital Management LLC boosted its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 145.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225,229 shares of the software maker's stock after purchasing an additional 133,449 shares during the quarter. HubSpot comprises 5.6% of Spyglass Capital Management LLC's holdings, making the stock its 4th biggest position. Spyglass Capital Management LLC owned 0.43% of HubSpot worth $105,362,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of HubSpot by 2.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,076 shares of the software maker's stock worth $503,000 after buying an additional 26 shares during the period. Insigneo Advisory Services LLC boosted its stake in HubSpot by 6.3% in the second quarter. Insigneo Advisory Services LLC now owns 470 shares of the software maker's stock valued at $262,000 after acquiring an additional 28 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in HubSpot by 5.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 522 shares of the software maker's stock valued at $244,000 after acquiring an additional 28 shares during the last quarter. Bessemer Group Inc. grew its holdings in HubSpot by 9.1% during the 3rd quarter. Bessemer Group Inc. now owns 335 shares of the software maker's stock worth $156,000 after acquiring an additional 28 shares during the period. Finally, Asset Dedication LLC grew its holdings in HubSpot by 27.1% during the 2nd quarter. Asset Dedication LLC now owns 136 shares of the software maker's stock worth $76,000 after acquiring an additional 29 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBS. Canaccord Genuity Group set a $485.00 price target on HubSpot in a research note on Thursday, February 12th. Citigroup lifted their price objective on HubSpot from $600.00 to $640.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Barclays dropped their price objective on HubSpot from $525.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, February 12th. UBS Group reissued an "overweight" rating on shares of HubSpot in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of HubSpot in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $454.20.

HubSpot Trading Up 2.5%

HUBS stock opened at $264.14 on Friday. The business's 50-day moving average price is $285.47 and its two-hundred day moving average price is $383.23. The firm has a market cap of $13.93 billion, a PE ratio of 303.61, a P/E/G ratio of 3.84 and a beta of 1.40. HubSpot, Inc. has a 1-year low of $207.20 and a 1-year high of $682.57.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The company had revenue of $846.75 million during the quarter, compared to the consensus estimate of $830.65 million. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. On average, analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,261 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the sale, the director directly owned 481,168 shares in the company, valued at approximately $121,735,504. This trade represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Erika Ashley Fisher sold 841 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $238.01, for a total transaction of $200,166.41. Following the sale, the insider directly owned 10,119 shares of the company's stock, valued at $2,408,423.19. This represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 26,691 shares of company stock valued at $8,136,702. 4.00% of the stock is owned by company insiders.

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.

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