HubSpot, Inc. $HUBS Position Decreased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC reduced its holdings in HubSpot, Inc. (NYSE:HUBS) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,166 shares of the software maker’s stock after selling 19,575 shares during the quarter. Frontier Capital Management Co. LLC owned 0.20% of HubSpot worth $59,652,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock valued at $2,805,070,000 after buying an additional 714,980 shares in the last quarter. Jennison Associates LLC increased its stake in HubSpot by 548.6% in the 2nd quarter. Jennison Associates LLC now owns 794,677 shares of the software maker’s stock worth $442,341,000 after purchasing an additional 672,158 shares in the last quarter. Norges Bank purchased a new stake in HubSpot during the second quarter valued at about $269,941,000. Neuberger Berman Group LLC boosted its holdings in shares of HubSpot by 166.2% in the second quarter. Neuberger Berman Group LLC now owns 321,679 shares of the software maker’s stock worth $179,055,000 after buying an additional 200,844 shares during the period. Finally, Nuveen LLC acquired a new position in shares of HubSpot in the first quarter worth about $99,963,000. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the sale, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were 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 owned 38,794 shares in the company, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 28,502 shares of company stock worth $12,745,570. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HUBS. The Goldman Sachs Group reduced their price target on shares of HubSpot from $717.00 to $612.00 and set a “buy” rating for the company in a research report on Friday, November 7th. BMO Capital Markets reduced their target price on HubSpot from $550.00 to $465.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Citigroup raised their target price on HubSpot from $650.00 to $658.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Cantor Fitzgerald dropped their price target on HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Bank of America lowered their target price on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus price target of $617.23.

HubSpot Price Performance

HUBS opened at $391.74 on Thursday. The company has a market capitalization of $20.52 billion, a PE ratio of -4,896.73, a price-to-earnings-growth ratio of 13.08 and a beta of 1.46. The business has a 50-day moving average of $419.28 and a 200-day moving average of $486.53. HubSpot, Inc. has a fifty-two week low of $344.41 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.58 by $0.08. HubSpot had a negative net margin of 0.12% and a positive return on equity of 1.21%. The company had revenue of $809.52 million for the quarter, compared to analyst estimates of $786.80 million. During the same quarter in the prior year, the business posted $2.18 EPS. HubSpot’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

About HubSpot

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.