HubSpot, Inc. $HUBS Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in HubSpot, Inc. (NYSE:HUBS) by 28.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 32,150 shares of the software maker’s stock after selling 12,900 shares during the period. Primecap Management Co. CA’s holdings in HubSpot were worth $17,896,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HUBS. Highview Capital Management LLC DE raised its stake in shares of HubSpot by 3.2% in the 2nd quarter. Highview Capital Management LLC DE now owns 3,195 shares of the software maker’s stock valued at $1,778,000 after acquiring an additional 99 shares during the period. Vanguard Group Inc. increased its holdings in HubSpot by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,391,241 shares of the software maker’s stock valued at $3,000,926,000 after purchasing an additional 144,507 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in HubSpot by 5.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 20,084 shares of the software maker’s stock valued at $11,179,000 after purchasing an additional 1,127 shares during the period. Semanteon Capital Management LP acquired a new position in HubSpot during the second quarter worth $976,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of HubSpot during the second quarter worth $750,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Trading Down 1.3%

Shares of HUBS opened at $357.17 on Friday. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of -4,464.56, a PEG ratio of 12.27 and a beta of 1.60. The firm’s fifty day simple moving average is $456.06 and its 200-day simple moving average is $514.03. HubSpot, Inc. has a twelve month low of $354.11 and a twelve month high of $881.13.

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

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research analyst reports. Mizuho cut their price objective on HubSpot from $700.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a report on Tuesday, October 14th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $450.00 price target (down from $610.00) on shares of HubSpot in a research note on Monday, November 10th. Cantor Fitzgerald reduced their price target on shares of HubSpot from $775.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Rothschild Redb lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $617.23.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $368.11, for a total value of $3,128,935.00. Following the transaction, the director directly owned 504,966 shares in the company, valued at $185,883,034.26. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $307,500.00. Following the sale, the chief financial officer directly owned 38,794 shares in the company, valued at approximately $19,397,000. The trade was a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,098 shares of company stock worth $24,062,552 over the last 90 days. Insiders own 4.00% of the company’s stock.

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.