Rakuten Investment Management Inc. Makes New Investment in HubSpot, Inc. $HUBS

Rakuten Investment Management Inc. bought a new stake in HubSpot, Inc. (NYSE:HUBS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 103,779 shares of the software maker’s stock, valued at approximately $48,548,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Goodman Advisory Group LLC purchased a new position in HubSpot in the 2nd quarter valued at about $27,000. Whittier Trust Co. increased its position in shares of HubSpot by 136.4% during the second quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Rakuten Securities Inc. boosted its stake in HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after purchasing an additional 47 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of HubSpot during the second quarter worth $32,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of HubSpot during the second quarter worth $34,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $366.99, for a total transaction of $3,119,415.00. Following the completion of the transaction, the director directly owned 496,308 shares in the company, valued at approximately $182,140,072.92. This represents a 1.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 17,235 shares of company stock worth $6,364,276. Corporate insiders own 4.00% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS opened at $304.98 on Wednesday. The company has a market capitalization of $15.98 billion, a P/E ratio of -3,812.29, a P/E/G ratio of 7.38 and a beta of 1.46. The company has a 50 day simple moving average of $375.00 and a 200-day simple moving average of $445.99. HubSpot, Inc. has a 1 year low of $302.00 and a 1 year high of $881.13.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on HUBS. Evercore ISI set a $500.00 price target on shares of HubSpot in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of HubSpot from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Rothschild Redb cut HubSpot from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Citigroup restated a “buy” rating on shares of HubSpot in a research report on Monday, January 12th. Finally, Stifel Nicolaus reduced their price objective on HubSpot from $600.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $603.07.

HubSpot Profile

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.