TimesSquare Capital Management LLC Increases Holdings in HubSpot, Inc. (NYSE:HUBS)

TimesSquare Capital Management LLC grew its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,405 shares of the software maker's stock after purchasing an additional 6,740 shares during the quarter. HubSpot comprises about 1.3% of TimesSquare Capital Management LLC's holdings, making the stock its 22nd biggest holding. TimesSquare Capital Management LLC owned about 0.30% of HubSpot worth $87,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in shares of HubSpot during the fourth quarter valued at approximately $29,000. Venturi Wealth Management LLC raised its stake in HubSpot by 335.7% during the fourth quarter. Venturi Wealth Management LLC now owns 61 shares of the software maker's stock valued at $35,000 after buying an additional 47 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of HubSpot by 1,380.0% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the software maker's stock worth $43,000 after acquiring an additional 69 shares during the last quarter. Alta Advisers Ltd bought a new position in shares of HubSpot during the third quarter valued at $49,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of HubSpot by 29.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 93 shares of the software maker's stock worth $55,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Down 0.5 %

Shares of HubSpot stock traded down $2.71 on Thursday, reaching $587.34. The stock had a trading volume of 2,079,869 shares, compared to its average volume of 520,083. HubSpot, Inc. has a 1 year low of $407.23 and a 1 year high of $693.85. The company has a 50 day moving average price of $627.54 and a 200 day moving average price of $568.08. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $29.90 billion, a P/E ratio of -165.45 and a beta of 1.57.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.22. The business had revenue of $581.91 million for the quarter, compared to analyst estimates of $557.48 million. HubSpot had a negative return on equity of 6.38% and a negative net margin of 8.12%. As a group, equities research analysts forecast that HubSpot, Inc. will post -0.98 EPS for the current year.

Insider Transactions at HubSpot

In other news, insider Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at $334,656,763.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $636.18, for a total value of $5,407,530.00. Following the completion of the sale, the insider now directly owns 526,041 shares in the company, valued at approximately $334,656,763.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 8,817 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $620.00, for a total transaction of $5,466,540.00. Following the completion of the sale, the chief executive officer now directly owns 88,977 shares of the company's stock, valued at approximately $55,165,740. The disclosure for this sale can be found here. Insiders have sold 21,393 shares of company stock valued at $13,421,401 over the last ninety days. Insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HUBS shares. UBS Group reaffirmed a "neutral" rating and set a $525.00 price objective on shares of HubSpot in a research report on Thursday, February 15th. Royal Bank of Canada increased their price target on HubSpot from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Evercore ISI boosted their target price on shares of HubSpot from $625.00 to $650.00 and gave the company an "in-line" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot from $530.00 to $630.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Finally, Barclays lowered their target price on HubSpot from $600.00 to $575.00 and set an "equal weight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $637.27.

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.

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