Motley Fool Asset Management LLC Boosts Holdings in HubSpot, Inc. $HUBS

Motley Fool Asset Management LLC raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 12.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,600 shares of the software maker’s stock after purchasing an additional 171 shares during the period. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $891,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker’s stock valued at $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $2,805,070,000 after purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker’s stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Groupama Asset Managment lifted its holdings in HubSpot by 0.8% during the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker’s stock valued at $418,514,000 after purchasing an additional 5,779 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of HubSpot by 16.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker’s stock worth $378,163,000 after buying an additional 94,481 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 0.5%

HUBS stock opened at $469.58 on Wednesday. HubSpot, Inc. has a twelve month low of $418.34 and a twelve month high of $881.13. The stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of -2,041.67, a price-to-earnings-growth ratio of 16.31 and a beta of 1.58. The firm’s fifty day simple moving average is $476.70 and its two-hundred day simple moving average is $532.27.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million for the quarter, compared to analysts’ expectations of $739.94 million. During the same quarter in the previous year, the business posted $1.94 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their target price on shares of HubSpot from $600.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Weiss Ratings restated a “sell (e+)” rating on shares of HubSpot in a research report on Tuesday, October 14th. Stifel Nicolaus reduced their price target on shares of HubSpot from $650.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. UBS Group restated an “outperform” rating on shares of HubSpot in a research report on Wednesday, September 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $775.00 price target on shares of HubSpot in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $717.75.

Insider Activity

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the transaction, the director owned 522,435 shares in the company, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Dharmesh Shah sold 17,253 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the transaction, the chief technology officer owned 1,275,805 shares in the company, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 50,863 shares of company stock worth $24,641,332. 4.00% of the stock is currently owned by 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.