HubSpot, Inc. $HUBS Shares Purchased by Slow Capital Inc.

Slow Capital Inc. boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 3.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,275 shares of the software maker’s stock after acquiring an additional 382 shares during the period. Slow Capital Inc.’s holdings in HubSpot were worth $6,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hilltop National Bank acquired a new stake in HubSpot in the second quarter valued at $32,000. Cullen Frost Bankers Inc. increased its holdings in shares of HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker’s stock valued at $34,000 after acquiring an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot during the 1st quarter worth about $35,000. Clean Yield Group purchased a new stake in HubSpot during the first quarter worth approximately $41,000. Finally, GW&K Investment Management LLC boosted its holdings in HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 2.7%

Shares of HUBS stock opened at $463.89 on Tuesday. The stock’s 50-day moving average price is $481.34 and its 200 day moving average price is $543.32. The stock has a market capitalization of $24.44 billion, a PE ratio of -2,016.91, a price-to-earnings-growth ratio of 15.58 and a beta of 1.58. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to analysts’ expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. Analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value of $3,823,640.00. Following the sale, the director owned 522,435 shares of the company’s stock, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 119 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $59,500.00. Following the transaction, the chief financial officer directly owned 40,563 shares of the company’s stock, valued at $20,281,500. This represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,096 shares of company stock valued at $24,062,137. 4.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Citigroup reduced their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Raymond James Financial dropped their price objective on HubSpot from $825.00 to $655.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. KeyCorp cut their target price on HubSpot from $860.00 to $775.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $775.00 target price on shares of HubSpot in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $723.11.

HubSpot Profile

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.