Primecap Management Co. CA Purchases 100 Shares of HubSpot, Inc. (NYSE:HUBS)

Primecap Management Co. CA lifted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,450 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Primecap Management Co. CA owned approximately 0.18% of HubSpot worth $54,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBS. Gilbert & Cook Inc. lifted its holdings in shares of HubSpot by 60.0% during the 4th quarter. Gilbert & Cook Inc. now owns 1,965 shares of the software maker’s stock worth $1,141,000 after acquiring an additional 737 shares during the period. Principal Securities Inc. bought a new position in HubSpot in the 4th quarter valued at approximately $50,000. QRG Capital Management Inc. bought a new position in HubSpot in the 4th quarter valued at approximately $224,000. Dimensional Fund Advisors LP lifted its stake in HubSpot by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 71,428 shares of the software maker’s stock valued at $41,470,000 after purchasing an additional 631 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in HubSpot in the 4th quarter valued at approximately $200,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Down 0.6 %

HUBS opened at $492.30 on Wednesday. The stock has a market cap of $25.09 billion, a PE ratio of -185.77, a price-to-earnings-growth ratio of 3,140.82 and a beta of 1.63. The company has a fifty day moving average of $487.73 and a 200-day moving average of $567.89. HubSpot, Inc. has a twelve month low of $407.23 and a twelve month high of $693.85.

HubSpot (NYSE:HUBS) last posted 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. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted ($1.17) earnings per share. Sell-side analysts anticipate that HubSpot, Inc. will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other HubSpot news, CEO Yamini Rangan sold 2,877 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total value of $1,705,485.60. Following the transaction, the chief executive officer now directly owns 68,037 shares of the company’s stock, valued at $40,332,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathryn Bueker sold 1,135 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $592.80, for a total transaction of $672,828.00. Following the completion of the transaction, the chief financial officer now directly owns 44,715 shares in the company, valued at $26,507,052. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,012 shares of company stock worth $21,300,253. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HUBS has been the subject of several research reports. Citigroup dropped their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group dropped their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. KeyCorp raised shares of HubSpot from an “underweight” rating to a “sector weight” rating and set a $460.00 price objective for the company in a research note on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and issued a $570.00 price objective on shares of HubSpot in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group dropped their price target on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, HubSpot has a consensus rating of “Moderate Buy” and an average price target of $610.79.

About HubSpot

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.