Intech Investment Management LLC Buys 214 Shares of HubSpot, Inc. $HUBS

Intech Investment Management LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 16.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,480 shares of the software maker’s stock after purchasing an additional 214 shares during the quarter. Intech Investment Management LLC’s holdings in HubSpot were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $2,805,070,000 after acquiring an additional 714,980 shares in the last quarter. Jennison Associates LLC boosted its position in shares of 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 purchasing an additional 672,158 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 purchased a new stake in shares of HubSpot in the 1st quarter worth approximately $99,963,000. Finally, AQR Capital Management LLC increased its position 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 buying an additional 133,720 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBS. Weiss Ratings reissued a “sell (e+)” rating on shares of HubSpot in a research note on Tuesday, October 14th. Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Sanford C. Bernstein upgraded shares of HubSpot from a “market perform” rating to an “outperform” rating and set a $606.00 price objective for the company in a research note on Wednesday, September 3rd. Stifel Nicolaus decreased their target price on shares of HubSpot from $600.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, UBS Group set a $500.00 price target on shares of HubSpot in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $617.23.

HubSpot Price Performance

Shares of HubSpot stock opened at $362.02 on Thursday. HubSpot, Inc. has a 1-year low of $344.41 and a 1-year high of $881.13. The company’s fifty day simple moving average is $444.72 and its 200-day simple moving average is $505.45. The stock has a market capitalization of $18.97 billion, a PE ratio of -4,525.26, a P/E/G ratio of 12.60 and a beta of 1.60.

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

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,387 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total value of $1,193,500.00. Following the completion of the transaction, the chief executive officer directly owned 56,277 shares of the company’s stock, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 38,794 shares of the company’s stock, valued at $19,397,000. The trade was a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 51,098 shares of company stock worth $24,062,552. 4.00% of the stock is currently owned by company insiders.

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.