Perpetual Ltd lessened its position in HubSpot, Inc. (NYSE:HUBS – Free Report) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,257 shares of the software maker’s stock after selling 99 shares during the quarter. Perpetual Ltd’s holdings in HubSpot were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in HUBS. Valley National Advisers Inc. lifted its holdings in shares of HubSpot by 1,100.0% in the 1st quarter. Valley National Advisers Inc. now owns 72 shares of the software maker’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of HubSpot by 630.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 73 shares of the software maker’s stock valued at $31,000 after purchasing an additional 63 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in HubSpot during the first quarter valued at about $34,000. CI Investments Inc. grew its stake in shares of HubSpot by 113.8% during the fourth quarter. CI Investments Inc. now owns 124 shares of the software maker’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Finally, Quarry LP grew its stake in shares of HubSpot by 333.3% during the first quarter. Quarry LP now owns 91 shares of the software maker’s stock valued at $39,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.
Analyst Upgrades and Downgrades
HUBS has been the subject of several analyst reports. Truist Financial increased their target price on HubSpot from $500.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. JPMorgan Chase & Co. raised their target price on shares of HubSpot from $485.00 to $560.00 and gave the stock an “overweight” rating in a report on Thursday, September 7th. The Goldman Sachs Group upped their price target on shares of HubSpot from $536.00 to $596.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Citigroup initiated coverage on shares of HubSpot in a report on Tuesday, September 5th. They issued a “buy” rating and a $695.00 price target on the stock. Finally, Needham & Company LLC increased their target price on shares of HubSpot from $570.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has a consensus rating of “Moderate Buy” and a consensus target price of $539.76.
HubSpot Price Performance
Shares of NYSE:HUBS opened at $482.39 on Monday. The company has a market capitalization of $24.12 billion, a PE ratio of -116.52 and a beta of 1.58. The business has a fifty day moving average price of $524.98 and a 200-day moving average price of $484.01. HubSpot, Inc. has a 1-year low of $245.03 and a 1-year high of $581.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 2.25.
HubSpot (NYSE:HUBS – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.27). The firm had revenue of $529.14 million for the quarter, compared to the consensus estimate of $504.45 million. HubSpot had a negative net margin of 10.51% and a negative return on equity of 11.28%. As a group, equities analysts expect that HubSpot, Inc. will post -1.42 EPS for the current fiscal year.
Insider Buying and Selling
In other HubSpot news, CEO Yamini Rangan sold 3,136 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $519.62, for a total transaction of $1,629,528.32. Following the sale, the chief executive officer now directly owns 57,519 shares in the company, valued at approximately $29,888,022.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $556.69, for a total transaction of $4,731,865.00. Following the completion of the transaction, the insider now directly owns 586,876 shares of the company’s stock, valued at $326,708,000.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 3,136 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $519.62, for a total transaction of $1,629,528.32. Following the completion of the sale, the chief executive officer now owns 57,519 shares in the company, valued at approximately $29,888,022.78. The disclosure for this sale can be found here. Insiders sold a total of 51,402 shares of company stock worth $26,570,878 in the last three months. Insiders own 4.90% of the company’s stock.
About HubSpot
HubSpot, Inc 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, sales, service, and content management systems, as well as integrated applications, such as search engine optimization, blogging, website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, knowledge base, commerce, conversation routing, video hosting, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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