OFI Invest Asset Management Has $1.04 Million Position in HubSpot, Inc. $HUBS

OFI Invest Asset Management raised its stake in HubSpot, Inc. (NYSE:HUBS) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,876 shares of the software maker’s stock after purchasing an additional 77 shares during the period. OFI Invest Asset Management’s holdings in HubSpot were worth $1,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBS. Hilltop National Bank acquired a new position in shares of HubSpot in the second quarter valued at $32,000. Cullen Frost Bankers Inc. grew its stake in shares of HubSpot by 130.8% in the first 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 in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot in the first quarter valued at about $35,000. GW&K Investment Management LLC grew its stake in shares of 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 acquiring an additional 53 shares in the last quarter. Finally, S Bank Fund Management Ltd acquired a new position in shares of HubSpot in the first quarter valued at about $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBS has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Citigroup decreased their price target on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $900.00 price target on shares of HubSpot in a research note on Thursday, September 4th. 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 research note on Wednesday, September 3rd. Finally, Canaccord Genuity Group decreased their price target on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $723.11.

Insider Activity at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the 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 completion of the transaction, the director owned 522,435 shares of the company’s stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at $19,397,000. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,098 shares of company stock worth $25,563,137 over the last three months. 4.00% of the stock is owned by insiders.

HubSpot Trading Down 3.1%

HUBS stock opened at $438.97 on Monday. The stock has a market capitalization of $23.13 billion, a P/E ratio of -1,908.57, a price-to-earnings-growth ratio of 15.16 and a beta of 1.58. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The firm has a 50-day moving average price of $475.29 and a 200-day moving average price of $538.76.

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

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.