HubSpot, Inc. (NYSE:HUBS) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in HubSpot, Inc. (NYSE:HUBS) by 32.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,409 shares of the software maker’s stock after purchasing an additional 3,550 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HubSpot were worth $8,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC grew its holdings in HubSpot by 171.7% during the first quarter. Cetera Advisors LLC now owns 989 shares of the software maker’s stock worth $620,000 after acquiring an additional 625 shares during the period. Cetera Investment Advisers boosted its position in shares of HubSpot by 106.2% during the 1st quarter. Cetera Investment Advisers now owns 3,994 shares of the software maker’s stock valued at $2,502,000 after purchasing an additional 2,057 shares in the last quarter. Burney Co. grew its stake in shares of HubSpot by 5.2% in the 1st quarter. Burney Co. now owns 9,766 shares of the software maker’s stock worth $6,119,000 after purchasing an additional 487 shares during the last quarter. Swedbank AB bought a new stake in shares of HubSpot in the 1st quarter worth approximately $15,844,000. Finally, LRI Investments LLC acquired a new stake in HubSpot during the first quarter valued at approximately $208,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 3.4 %

Shares of HUBS stock traded down $16.21 on Friday, hitting $465.66. The company’s stock had a trading volume of 1,076,820 shares, compared to its average volume of 1,046,043. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of -175.72 and a beta of 1.60. HubSpot, Inc. has a fifty-two week low of $407.23 and a fifty-two week high of $693.85. The firm’s fifty day moving average price is $551.66 and its 200-day moving average price is $594.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.07 and a quick ratio of 2.07.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. The company had revenue of $617.41 million during the quarter, compared to analysts’ expectations of $597.12 million. HubSpot had a negative return on equity of 4.94% and a negative net margin of 5.78%. Research analysts anticipate that HubSpot, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kathryn Bueker sold 3,937 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $616.51, for a total value of $2,427,199.87. Following the transaction, the chief financial officer now directly owns 45,737 shares in the company, valued at approximately $28,197,317.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Kathryn Bueker sold 3,937 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $616.51, for a total transaction of $2,427,199.87. Following the completion of the sale, the chief financial officer now owns 45,737 shares in the company, valued at approximately $28,197,317.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total value of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares in the company, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Insiders sold 46,491 shares of company stock valued at $26,699,609 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on HUBS. BMO Capital Markets decreased their price target on shares of HubSpot from $710.00 to $635.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Canaccord Genuity Group cut their target price on HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays decreased their price target on HubSpot from $600.00 to $575.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Piper Sandler cut their price objective on HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Finally, Mizuho reduced their price objective on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $632.04.

HubSpot Company 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.