Mirae Asset Global Investments Co. Ltd. Boosts Stake in HubSpot, Inc. (NYSE:HUBS)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,823 shares of the software maker’s stock after buying an additional 1,489 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HubSpot were worth $5,499,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of HubSpot by 52.2% in the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock valued at $745,410,000 after purchasing an additional 480,796 shares in the last quarter. International Assets Investment Management LLC lifted its position in HubSpot by 214,342.4% during the third quarter. International Assets Investment Management LLC now owns 126,521 shares of the software maker’s stock valued at $672,590,000 after purchasing an additional 126,462 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of HubSpot by 17.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 571,274 shares of the software maker’s stock worth $303,689,000 after buying an additional 86,688 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of HubSpot by 49.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 207,842 shares of the software maker’s stock worth $110,489,000 after buying an additional 68,827 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of HubSpot by 191.6% in the 3rd quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock valued at $38,754,000 after acquiring an additional 47,900 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

HUBS has been the topic of several analyst reports. UBS Group cut HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Evercore ISI lifted their target price on HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of HubSpot from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Scotiabank raised their target price on shares of HubSpot from $700.00 to $825.00 and gave the stock a “sector outperform” rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $732.88.

HubSpot Price Performance

Shares of NYSE HUBS opened at $772.05 on Friday. HubSpot, Inc. has a 1-year low of $434.84 and a 1-year high of $811.79. The business has a fifty day moving average price of $728.02 and a 200 day moving average price of $608.49. The stock has a market capitalization of $39.85 billion, a P/E ratio of -2,859.34, a price-to-earnings-growth ratio of 44.02 and a beta of 1.72.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.27. The business had revenue of $669.72 million for the quarter, compared to analysts’ expectations of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. As a group, equities research analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CFO Kathryn Bueker sold 4,381 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total transaction of $3,066,700.00. Following the completion of the sale, the chief financial officer now owns 41,259 shares in the company, valued at approximately $28,881,300. This represents a 9.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Yamini Rangan sold 115 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total value of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,066 shares of company stock worth $54,900,427 over the last three months. Corporate insiders own 4.50% of the company’s stock.

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.