Semanteon Capital Management LP Purchases New Position in HubSpot, Inc. $HUBS

Semanteon Capital Management LP acquired a new stake in HubSpot, Inc. (NYSE:HUBS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,754 shares of the software maker’s stock, valued at approximately $976,000. HubSpot makes up about 1.5% of Semanteon Capital Management LP’s portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of HUBS. Price T Rowe Associates Inc. MD lifted its holdings in shares of HubSpot by 17.0% during 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 purchasing an additional 714,980 shares in the last quarter. Jennison Associates LLC raised its position 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 buying an additional 672,158 shares during the last quarter. Vanguard Group Inc. raised its position in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock worth $2,997,407,000 after buying an additional 201,994 shares during the last quarter. Nuveen LLC bought a new position in HubSpot during the 1st quarter valued at about $99,963,000. Finally, AQR Capital Management LLC lifted its stake in HubSpot by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker’s stock valued at $191,431,000 after acquiring an additional 133,720 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research reports. Citigroup boosted their price objective on shares of HubSpot from $650.00 to $658.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. Stifel Nicolaus reduced their price objective on HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Piper Sandler cut their price target on HubSpot from $675.00 to $590.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Macquarie lowered their price objective on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $620.41.

HubSpot Price Performance

Shares of HUBS stock opened at $395.59 on Monday. HubSpot, Inc. has a one year low of $375.01 and a one year high of $881.13. The company’s fifty day moving average price is $466.73 and its 200-day moving average price is $519.90. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of -4,944.85, a PEG ratio of 13.44 and a beta of 1.60.

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

Insider Activity at HubSpot

In other HubSpot news, Director Brian Halligan sold 235 shares of HubSpot stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $493.30, for a total value of $115,925.50. Following the sale, the director directly owned 513,466 shares in the company, valued at approximately $253,292,777.80. The trade was a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathryn Bueker sold 615 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $307,500.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 51,098 shares of company stock valued at $24,757,257. Corporate insiders own 4.00% of the company’s stock.

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.