OFI Invest Asset Management Acquires 77 Shares of HubSpot, Inc. $HUBS

OFI Invest Asset Management boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 4.3% in the second quarter, Holdings Channel reports. The institutional investor owned 1,876 shares of the software maker’s stock after buying 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.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after buying an additional 201,994 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in HubSpot by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker’s stock worth $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 37.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock worth $530,115,000 after purchasing an additional 251,853 shares during the last quarter. Groupama Asset Managment raised its holdings in HubSpot by 0.8% during the 1st quarter. Groupama Asset Managment now owns 732,578 shares of the software maker’s stock worth $418,514,000 after purchasing an additional 5,779 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in HubSpot by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock worth $378,163,000 after purchasing an additional 94,481 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at HubSpot

In other news, CTO Dharmesh Shah sold 4,747 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the sale, the chief technology officer owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. This trade represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of HubSpot 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 sale, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,098 shares of company stock worth $25,563,137. Corporate insiders own 4.00% of the company’s stock.

HubSpot Stock Down 3.1%

Shares of HUBS stock opened at $438.97 on Monday. The company has a market cap of $23.13 billion, a price-to-earnings ratio of -1,908.57, a price-to-earnings-growth ratio of 15.16 and a beta of 1.58. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The firm has a 50 day moving average of $475.29 and a 200-day moving average of $538.76.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUBS has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $900.00 price target on shares of HubSpot in a report on Thursday, September 4th. KeyCorp lowered their price target on shares of HubSpot from $860.00 to $775.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Truist Financial lowered 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. JPMorgan Chase & Co. lowered their price target on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price target for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $723.11.

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.