Ameritas Advisory Services LLC Purchases New Stake in HubSpot, Inc. $HUBS

Ameritas Advisory Services LLC acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 281 shares of the software maker’s stock, valued at approximately $156,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hilltop National Bank purchased a new position in HubSpot during the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of HubSpot by 0.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,101 shares of the software maker’s stock worth $5,066,000 after buying an additional 30 shares during the period. ASR Vermogensbeheer N.V. grew its position in shares of HubSpot by 7.7% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 4,023 shares of the software maker’s stock worth $2,239,000 after buying an additional 286 shares during the period. Truist Financial Corp grew its position in shares of HubSpot by 4.3% in the 2nd quarter. Truist Financial Corp now owns 10,666 shares of the software maker’s stock worth $5,937,000 after buying an additional 439 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of HubSpot in the 2nd quarter worth about $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 615 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $307,500.00. Following the transaction, the chief financial officer owned 38,794 shares in the company, valued at $19,397,000. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $235,012,160.40. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,098 shares of company stock worth $25,563,137 over the last quarter. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HUBS shares. Canaccord Genuity Group reduced their target price on shares of HubSpot from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. reduced their target price on shares of HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Citigroup reduced their target price on shares of HubSpot from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company initiated coverage on shares of HubSpot in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $685.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $723.11.

HubSpot Stock Performance

HUBS opened at $459.16 on Thursday. The stock has a market capitalization of $24.19 billion, a P/E ratio of -1,996.35, a P/E/G ratio of 15.53 and a beta of 1.58. The company’s 50-day simple moving average is $477.81 and its two-hundred day simple moving average is $542.11. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. The business had revenue of $760.87 million for 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 EPS. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.