Jennison Associates LLC Has $45.37 Million Holdings in HubSpot, Inc. (HUBS)
Jennison Associates LLC grew its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,838 shares of the software maker’s stock after buying an additional 116,861 shares during the quarter. Jennison Associates LLC owned approximately 1.44% of HubSpot worth $45,373,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. FMR LLC lifted its position in HubSpot by 1.1% during the 2nd quarter. FMR LLC now owns 5,481,280 shares of the software maker’s stock worth $360,394,000 after buying an additional 59,473 shares in the last quarter. Vanguard Group Inc. lifted its position in HubSpot by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,626,896 shares of the software maker’s stock worth $172,718,000 after buying an additional 97,869 shares in the last quarter. Bank of New York Mellon Corp lifted its position in HubSpot by 145.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,366,568 shares of the software maker’s stock worth $155,602,000 after buying an additional 1,400,677 shares in the last quarter. BlackRock Inc. lifted its position in HubSpot by 82,588.5% during the 1st quarter. BlackRock Inc. now owns 2,130,883 shares of the software maker’s stock worth $129,025,000 after buying an additional 2,128,306 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in HubSpot by 3.5% during the 3rd quarter. First Trust Advisors LP now owns 892,071 shares of the software maker’s stock worth $74,979,000 after buying an additional 30,290 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
HubSpot, Inc. (NYSE:HUBS) opened at $79.45 on Wednesday. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $88.50. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The business had revenue of $97.73 million for the quarter, compared to analyst estimates of $96.50 million. During the same quarter in the prior year, the business earned ($0.05) EPS. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. sell-side analysts forecast that HubSpot, Inc. will post -0.99 EPS for the current year.
Several research firms have recently weighed in on HUBS. BidaskClub upgraded shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. TheStreet upgraded shares of HubSpot from a “d” rating to a “c-” rating in a research note on Monday, October 9th. Needham & Company LLC boosted their price objective on shares of HubSpot to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley boosted their price objective on shares of HubSpot from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, UBS AG restated a “buy” rating and set a $93.00 price objective on shares of HubSpot in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. HubSpot has a consensus rating of “Buy” and a consensus price target of $84.82.
In other HubSpot news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $72.80, for a total transaction of $72,800.00. Following the transaction, the insider now owns 66,887 shares in the company, valued at approximately $4,869,373.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 24,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.92, for a total transaction of $2,038,080.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,000 shares of company stock worth $5,792,730. 12.10% of the stock is owned by company insiders.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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