IFM Investors Pty Ltd Boosts Stock Holdings in HubSpot, Inc. (NYSE:HUBS)

IFM Investors Pty Ltd boosted its position in HubSpot, Inc. (NYSE:HUBS) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,066 shares of the software maker’s stock after buying an additional 110 shares during the quarter. IFM Investors Pty Ltd’s holdings in HubSpot were worth $5,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. M&G Plc bought a new stake in shares of HubSpot in the first quarter valued at approximately $8,533,000. Headlands Technologies LLC bought a new stake in HubSpot during the 2nd quarter valued at $3,135,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HubSpot by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,775 shares of the software maker’s stock worth $9,257,000 after acquiring an additional 3,750 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of HubSpot in the second quarter worth $1,346,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of HubSpot by 32.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 14,409 shares of the software maker’s stock valued at $8,996,000 after purchasing an additional 3,550 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HubSpot news, insider Dawson Alyssa Harvey sold 384 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total value of $179,416.32. Following the sale, the insider now owns 9,735 shares of the company’s stock, valued at $4,548,484.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $491.19, for a total transaction of $56,978.04. Following the completion of the transaction, the chief executive officer now owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dawson Alyssa Harvey sold 384 shares of HubSpot stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $467.23, for a total transaction of $179,416.32. Following the completion of the sale, the insider now owns 9,735 shares in the company, valued at approximately $4,548,484.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,321 shares of company stock valued at $3,374,089 over the last three months. 4.50% of the stock is owned by company insiders.

HubSpot Trading Up 2.0 %

HUBS opened at $565.67 on Friday. HubSpot, Inc. has a 12 month low of $407.23 and a 12 month high of $693.85. The business’s 50-day moving average price is $518.03 and its 200-day moving average price is $551.25. The company has a market cap of $29.05 billion, a P/E ratio of -1,047.52, a P/E/G ratio of 7,068.33 and a beta of 1.64.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. HubSpot had a negative return on equity of 2.33% and a negative net margin of 1.15%. The business had revenue of $637.20 million for the quarter, compared to analysts’ expectations of $619.28 million. During the same period in the previous year, the firm earned ($1.17) EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts recently issued reports on HUBS shares. UBS Group dropped their price objective on HubSpot from $580.00 to $550.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Bank of America cut their price objective on shares of HubSpot from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity Group decreased their target price on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $700.00 price target on shares of HubSpot in a report on Thursday, September 19th. Finally, KeyCorp upgraded shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $614.33.

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.