HubSpot, Inc. $HUBS Holdings Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 5.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,729 shares of the software maker’s stock after purchasing an additional 488 shares during the period. IFM Investors Pty Ltd’s holdings in HubSpot were worth $5,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Belpointe Asset Management LLC purchased a new position in shares of HubSpot during the 1st quarter valued at $835,000. Fortis Capital Advisors LLC purchased a new position in shares of HubSpot during the 1st quarter valued at $835,000. Plato Investment Management Ltd grew its holdings in shares of HubSpot by 27.7% during the 1st quarter. Plato Investment Management Ltd now owns 572 shares of the software maker’s stock valued at $330,000 after acquiring an additional 124 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of HubSpot by 283.3% during the 1st quarter. Bayforest Capital Ltd now owns 778 shares of the software maker’s stock valued at $444,000 after acquiring an additional 575 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new position in shares of HubSpot during the 1st quarter valued at $717,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

HubSpot Price Performance

HubSpot stock opened at $496.90 on Friday. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of -2,160.42, a P/E/G ratio of 16.85 and a beta of 1.58. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13. The firm has a fifty day moving average price of $499.50 and a two-hundred day moving average price of $562.45.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HUBS shares. UBS Group restated an “outperform” rating on shares of HubSpot in a report on Wednesday, September 3rd. Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target on the stock in a report on Wednesday, September 3rd. Stifel Nicolaus lowered their price target on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Monday, July 14th. 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 note on Thursday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $722.93.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the sale, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,094 shares of company stock worth $26,069,239 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

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.