Alight Capital Management LP Acquires 13,843 Shares of HubSpot, Inc. (NYSE:HUBS)

Alight Capital Management LP grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 138.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,843 shares of the software maker’s stock after buying an additional 13,843 shares during the period. HubSpot accounts for about 3.4% of Alight Capital Management LP’s holdings, making the stock its 8th largest holding. Alight Capital Management LP’s holdings in HubSpot were worth $14,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HUBS. Riverview Trust Co purchased a new position in shares of HubSpot in the 1st quarter valued at $27,000. Geneos Wealth Management Inc. grew its holdings in shares of HubSpot by 1,125.0% during the first quarter. Geneos Wealth Management Inc. now owns 49 shares of the software maker’s stock worth $31,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of HubSpot during the second quarter worth about $35,000. Crewe Advisors LLC increased its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after purchasing an additional 63 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in shares of HubSpot by 54.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 77 shares of the software maker’s stock valued at $48,000 after purchasing an additional 27 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

HubSpot Trading Up 0.9 %

Shares of HUBS opened at $532.11 on Wednesday. HubSpot, Inc. has a 52-week low of $407.23 and a 52-week high of $693.85. The company has a 50-day simple moving average of $491.77 and a 200-day simple moving average of $564.77.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted ($1.17) earnings per share.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total value of $4,014,295.00. Following the sale, the insider now owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $1,705,485.60. Following the completion of the transaction, the chief executive officer now directly owns 68,037 shares in the company, valued at approximately $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the transaction, the insider now owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Insiders sold 38,012 shares of company stock valued at $21,300,253 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBS shares. BMO Capital Markets restated an “outperform” rating and set a $570.00 price target on shares of HubSpot in a research note on Thursday, September 19th. Wells Fargo & Company lowered their target price on shares of HubSpot from $650.00 to $625.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 price target on shares of HubSpot in a research report on Thursday, September 19th. Stifel Nicolaus decreased their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Evercore ISI dropped their price objective on shares of HubSpot from $650.00 to $550.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $610.79.

HubSpot Company 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.