GW&K Investment Management LLC increased its stake in HubSpot Inc (NYSE:HUBS) by 13.6% during the 3rd quarter, Holdings Channel reports. The firm owned 365,957 shares of the software maker’s stock after purchasing an additional 43,760 shares during the quarter. HubSpot comprises approximately 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 24th biggest holding. GW&K Investment Management LLC’s holdings in HubSpot were worth $55,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of HubSpot by 8.0% in the second quarter. Vanguard Group Inc. now owns 4,143,177 shares of the software maker’s stock worth $706,494,000 after purchasing an additional 308,282 shares during the last quarter. First Trust Advisors LP increased its position in shares of HubSpot by 13.4% in the second quarter. First Trust Advisors LP now owns 1,025,986 shares of the software maker’s stock worth $174,951,000 after purchasing an additional 121,162 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of HubSpot in the second quarter worth approximately $61,888,000. Janus Henderson Group PLC bought a new position in shares of HubSpot in the second quarter worth approximately $51,977,000. Finally, Morgan Stanley increased its position in shares of HubSpot by 21.9% in the second quarter. Morgan Stanley now owns 190,480 shares of the software maker’s stock worth $32,481,000 after purchasing an additional 34,202 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

Several research firms recently weighed in on HUBS. KeyCorp restated a “hold” rating on shares of HubSpot in a research report on Wednesday, September 4th. Royal Bank of Canada upgraded shares of HubSpot from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $187.00 to $230.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. Evercore ISI set a $175.00 price objective on shares of HubSpot and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Compass Point initiated coverage on shares of HubSpot in a research report on Tuesday, August 13th. They issued a “buy” rating and a $222.00 price objective on the stock. Finally, Canaccord Genuity cut their target price on HubSpot from $210.00 to $170.00 in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and a consensus price target of $192.58.

In other news, CEO Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $162.94, for a total transaction of $1,384,990.00. Following the completion of the sale, the chief executive officer now owns 733,697 shares of the company’s stock, valued at $119,548,589.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO J Donald Sherman sold 25,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.63, for a total value of $4,015,750.00. Following the sale, the chief operating officer now directly owns 111,540 shares of the company’s stock, valued at approximately $17,916,670.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,044 shares of company stock valued at $8,512,063. Insiders own 8.30% of the company’s stock.

HUBS traded down $1.36 during midday trading on Friday, hitting $141.33. The stock had a trading volume of 601,938 shares, compared to its average volume of 585,708. The company has a market cap of $6.44 billion, a P/E ratio of -138.56 and a beta of 1.62. The business has a fifty day moving average of $155.85 and a 200 day moving average of $174.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. HubSpot Inc has a 1 year low of $108.39 and a 1 year high of $207.98.

HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, November 5th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The business had revenue of $173.62 million during the quarter, compared to analyst estimates of $168.82 million. HubSpot had a negative return on equity of 6.15% and a negative net margin of 8.68%. HubSpot’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, equities research analysts anticipate that HubSpot Inc will post -0.74 earnings per share for the current year.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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