Cinctive Capital Management LP Has $18.27 Million Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

Cinctive Capital Management LP lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 164.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,375 shares of the software maker’s stock after purchasing an additional 21,395 shares during the quarter. HubSpot accounts for about 1.0% of Cinctive Capital Management LP’s investment portfolio, making the stock its 17th largest holding. Cinctive Capital Management LP’s holdings in HubSpot were worth $18,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Concentric Capital Strategies LP lifted its stake in HubSpot by 100.3% during the third quarter. Concentric Capital Strategies LP now owns 22,397 shares of the software maker’s stock valued at $11,906,000 after buying an additional 11,217 shares in the last quarter. Bamco Inc. NY increased its position in shares of HubSpot by 19.6% in the third quarter. Bamco Inc. NY now owns 37,926 shares of the software maker’s stock worth $20,161,000 after acquiring an additional 6,215 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of HubSpot in the third quarter worth approximately $3,721,000. Kestra Investment Management LLC purchased a new stake in shares of HubSpot in the 3rd quarter valued at approximately $230,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of HubSpot in the 3rd quarter valued at approximately $1,758,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

HUBS has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of HubSpot from $550.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Evercore ISI upped their price target on HubSpot from $610.00 to $700.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on HubSpot from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays lifted their target price on HubSpot from $500.00 to $650.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $730.00 price target on shares of HubSpot in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average price target of $672.68.

Insider Buying and Selling at HubSpot

In related news, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares of the company’s stock, valued at approximately $33,009,441.57. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total value of $16,815,500.00. Following the completion of the sale, the chief technology officer now directly owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 over the last ninety days. Company insiders own 4.50% of the company’s stock.

HubSpot Stock Performance

HUBS opened at $721.05 on Monday. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $754.56. The business has a 50 day moving average price of $597.13 and a 200 day moving average price of $555.74. The firm has a market cap of $37.22 billion, a P/E ratio of -2,670.46, a price-to-earnings-growth ratio of 87.65 and a beta of 1.63.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The business had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same period in the prior year, the firm earned ($0.04) EPS. HubSpot’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, analysts anticipate that HubSpot, Inc. will post 0.4 earnings per share for the current fiscal year.

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.