Westfield Capital Management Co. LP Purchases 1,020 Shares of HubSpot, Inc. (NYSE:HUBS)

Key Points

• Westfield Capital Management Co. LP increased its stake in HubSpot, Inc. by 0.6%, owning 166,657 shares worth approximately $95.2 million as of the latest reporting period.
• HubSpot has received various analyst ratings, with a consensus rating of "Moderate Buy" and a target price around $759, reflecting bullish outlooks from multiple research firms.
• Insider transactions show that CEO Yamini Rangan and Director Brian Halligan sold shares recently, indicating a decrease in their ownership percentages but still holding significant stakes in the company.

Westfield Capital Management Co. LP grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,657 shares of the software maker's stock after buying an additional 1,020 shares during the period. Westfield Capital Management Co. LP owned 0.32% of HubSpot worth $95,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of HubSpot during the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC increased its stake in shares of HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after acquiring an additional 22 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of HubSpot by 213.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 47 shares of the software maker's stock valued at $33,000 after acquiring an additional 32 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after acquiring an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot during the first quarter valued at approximately $35,000. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

Shares of HUBS stock traded down $30.44 on Thursday, hitting $462.18. The company's stock had a trading volume of 2,779,649 shares, compared to its average volume of 711,359. HubSpot, Inc. has a fifty-two week low of $444.25 and a fifty-two week high of $881.13. The firm's fifty day moving average price is $552.97 and its 200-day moving average price is $616.91. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of -1,027.08, a P/E/G ratio of 17.90 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data 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. HubSpot had a negative net margin of 0.85% and a positive return on equity of 0.14%. The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the business earned $1.94 EPS. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. Analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, the chief financial officer owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director directly owned 522,435 shares of the company's stock, valued at approximately $283,718,775.45. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,998 shares of company stock valued at $10,928,616. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays lowered their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Raymond James Financial lowered their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Cantor Fitzgerald initiated coverage on shares of HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price objective on the stock. Finally, Scotiabank lowered their price objective on shares of HubSpot from $900.00 to $750.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, HubSpot presently has an average rating of "Moderate Buy" and a consensus target price of $737.07.

HubSpot Profile

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.