Janney Capital Management LLC Grows Stock Holdings in HubSpot, Inc. $HUBS

Janney Capital Management LLC boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 34.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,368 shares of the software maker’s stock after buying an additional 3,959 shares during the period. Janney Capital Management LLC’s holdings in HubSpot were worth $7,189,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in HubSpot during the 2nd quarter valued at approximately $27,000. Whittier Trust Co. lifted its holdings in shares of HubSpot by 136.4% in the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of HubSpot by 783.3% during the second quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Hilltop National Bank purchased a new position in HubSpot during the second quarter valued at $32,000. Finally, Osterweis Capital Management Inc. bought a new stake in HubSpot in the 2nd quarter valued at $34,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Trading Up 1.2%

NYSE:HUBS opened at $376.11 on Tuesday. The stock has a fifty day simple moving average of $385.92 and a 200-day simple moving average of $455.63. The company has a market cap of $19.70 billion, a price-to-earnings ratio of -4,701.41, a price-to-earnings-growth ratio of 8.72 and a beta of 1.46. HubSpot, Inc. has a twelve month low of $344.41 and a twelve month high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.08. The company had revenue of $809.52 million during the quarter, compared to analyst estimates of $786.80 million. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. As a group, equities research analysts predict that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HUBS. Citigroup reissued a “buy” rating on shares of HubSpot in a report on Monday. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $450.00 price objective (down previously from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Oppenheimer lowered their target price on HubSpot from $750.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group reduced their price target on shares of HubSpot from $650.00 to $560.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, KeyCorp lowered their price objective on shares of HubSpot from $775.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $612.65.

Insider Buying and Selling at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total value of $3,119,415.00. Following the completion of the sale, the director directly owned 496,308 shares in the company, valued at $182,140,072.92. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 25,500 shares of company stock valued at $10,058,565 in the last ninety days. Insiders own 4.00% of the company’s stock.

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.