HubSpot, Inc. (NYSE:HUBS) is TimesSquare Capital Management LLC’s 2nd Largest Position

TimesSquare Capital Management LLC boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 7.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 224,120 shares of the software maker’s stock after acquiring an additional 16,278 shares during the quarter. HubSpot makes up 2.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. TimesSquare Capital Management LLC’s holdings in HubSpot were worth $156,160,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HUBS. Wellington Management Group LLP boosted its stake in HubSpot by 52.2% during the third quarter. Wellington Management Group LLP now owns 1,402,200 shares of the software maker’s stock worth $745,410,000 after buying an additional 480,796 shares during the period. International Assets Investment Management LLC boosted its stake 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 worth $672,590,000 after buying an additional 126,462 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in HubSpot by 17.9% during the third 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 during the period. Two Sigma Advisers LP boosted its stake in HubSpot by 191.6% during the third quarter. Two Sigma Advisers LP now owns 72,900 shares of the software maker’s stock worth $38,754,000 after buying an additional 47,900 shares during the period. Finally, Holocene Advisors LP boosted its stake in HubSpot by 17.5% during the third quarter. Holocene Advisors LP now owns 319,767 shares of the software maker’s stock worth $169,988,000 after buying an additional 47,736 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 1.1 %

Shares of HubSpot stock opened at $802.76 on Wednesday. The firm has a market capitalization of $41.86 billion, a P/E ratio of 8,920.58, a P/E/G ratio of 48.94 and a beta of 1.72. HubSpot, Inc. has a 52 week low of $434.84 and a 52 week high of $881.13. The firm’s 50 day moving average is $737.03 and its two-hundred day moving average is $625.43.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 EPS for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, research analysts expect that HubSpot, Inc. will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of HubSpot from $783.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays increased their price target on shares of HubSpot from $725.00 to $815.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Oppenheimer increased their price target on shares of HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Scotiabank increased their price target on shares of HubSpot from $825.00 to $900.00 and gave the stock a “sector outperform” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus increased their price target on shares of HubSpot from $880.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $863.96.

Insider Buying and Selling at HubSpot

In other news, Director Lorrie M. Norrington sold 572 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $690.00, for a total transaction of $394,680.00. Following the transaction, the director now directly owns 1,697 shares in the company, valued at approximately $1,170,930. This trade represents a 25.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yamini Rangan sold 115 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction 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 have sold 39,612 shares of company stock worth $28,993,612 over the last three months. 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.