111 Capital Purchases 718 Shares of HubSpot, Inc. $HUBS

111 Capital increased its position in shares of HubSpot, Inc. (NYSE:HUBS) by 83.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,579 shares of the software maker’s stock after purchasing an additional 718 shares during the period. 111 Capital’s holdings in HubSpot were worth $879,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HUBS. Venturi Wealth Management LLC increased its holdings in HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker’s stock valued at $861,000 after buying an additional 16 shares during the period. WCM Investment Management LLC increased its stake in HubSpot by 0.6% in the first quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker’s stock valued at $1,553,000 after acquiring an additional 17 shares during the period. Yousif Capital Management LLC raised its position in HubSpot by 3.0% in the first quarter. Yousif Capital Management LLC now owns 662 shares of the software maker’s stock worth $378,000 after purchasing an additional 19 shares in the last quarter. Ballentine Partners LLC lifted its stake in HubSpot by 3.5% during the first quarter. Ballentine Partners LLC now owns 584 shares of the software maker’s stock worth $334,000 after purchasing an additional 20 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in HubSpot by 5.2% during the first quarter. Apollon Wealth Management LLC now owns 405 shares of the software maker’s stock worth $231,000 after purchasing an additional 20 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Stock Up 1.7%

HUBS stock opened at $452.93 on Friday. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The company has a market cap of $23.87 billion, a P/E ratio of -1,969.27, a price-to-earnings-growth ratio of 15.58 and a beta of 1.58. The business’s fifty day moving average is $483.26 and its 200-day moving average is $544.68.

HubSpot (NYSE:HUBS) last released 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. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. Research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HUBS has been the subject of a number of recent research reports. Wells Fargo & Company started coverage on HubSpot in a report on Tuesday. They issued an “overweight” rating and a $685.00 target price for the company. Piper Sandler began coverage on HubSpot in a research note on Thursday, September 4th. They set an “overweight” rating and a $675.00 price objective for the company. UBS Group restated an “outperform” rating on shares of HubSpot in a research note on Wednesday, September 3rd. Stifel Nicolaus dropped their target price on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Finally, Truist Financial cut their price target on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating for the company in a report on Thursday, August 7th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $723.11.

Insider Activity

In related news, CEO Yamini Rangan sold 477 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total transaction of $238,500.00. Following the completion of the transaction, the chief executive officer owned 62,291 shares in the company, valued at approximately $31,145,500. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 119 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total transaction of $59,500.00. Following the completion of the sale, the chief financial officer directly owned 40,563 shares of the company’s stock, valued at $20,281,500. The trade was a 0.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,096 shares of company stock worth $24,062,137 over the last quarter. 4.00% of the stock is owned by insiders.

HubSpot 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.