Canada Pension Plan Investment Board lessened its stake in HubSpot Inc (NYSE:HUBS) by 67.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,900 shares of the software maker’s stock after selling 42,100 shares during the quarter. Canada Pension Plan Investment Board owned 0.05% of HubSpot worth $2,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its stake in HubSpot by 7.1% in the 2nd quarter. First Trust Advisors LP now owns 1,079,990 shares of the software maker’s stock valued at $135,431,000 after acquiring an additional 71,931 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in HubSpot by 28.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 719,878 shares of the software maker’s stock valued at $77,963,000 after acquiring an additional 159,065 shares during the last quarter. JPMorgan Chase & Co. grew its stake in HubSpot by 18.3% in the 1st quarter. JPMorgan Chase & Co. now owns 621,163 shares of the software maker’s stock valued at $67,272,000 after acquiring an additional 95,998 shares during the last quarter. Wasatch Advisors Inc. grew its stake in HubSpot by 22.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 598,249 shares of the software maker’s stock valued at $75,020,000 after acquiring an additional 110,198 shares during the last quarter. Finally, Northern Trust Corp grew its stake in HubSpot by 1.5% in the 1st quarter. Northern Trust Corp now owns 443,805 shares of the software maker’s stock valued at $48,064,000 after acquiring an additional 6,424 shares during the last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.

HubSpot stock opened at $145.60 on Wednesday. HubSpot Inc has a 12-month low of $71.00 and a 12-month high of $146.10. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of -140.88 and a beta of 1.95. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.26 and a current ratio of 3.26.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 1st. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. HubSpot had a negative net margin of 12.64% and a negative return on equity of 17.00%. The company had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $117.75 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. equities research analysts expect that HubSpot Inc will post -1.1 EPS for the current fiscal year.

In related news, CEO Brian Halligan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $140.93, for a total value of $3,523,250.00. Following the sale, the chief executive officer now directly owns 735,116 shares of the company’s stock, valued at $103,599,897.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julia Herendeen sold 408 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $133.35, for a total transaction of $54,406.80. Following the completion of the sale, the director now directly owns 5,243 shares in the company, valued at $699,154.05. The disclosure for this sale can be found here. Insiders have sold a total of 126,834 shares of company stock worth $16,576,223 over the last ninety days. 9.60% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating on shares of HubSpot in a research note on Tuesday, August 7th. Needham & Company LLC increased their price objective on shares of HubSpot from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. ValuEngine raised shares of HubSpot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 8th. Royal Bank of Canada raised their price target on shares of HubSpot to $141.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 31st. Finally, Morgan Stanley raised their price target on shares of HubSpot from $117.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot has a consensus rating of “Buy” and an average target price of $120.33.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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