Kraematon Investment Advisors Inc. Raises Position in HubSpot, Inc. $HUBS

Kraematon Investment Advisors Inc. lifted its stake in HubSpot, Inc. (NYSE:HUBS) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,710 shares of the software maker’s stock after purchasing an additional 344 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in HubSpot were worth $952,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Private Trust Co. NA increased its position in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker’s stock valued at $90,000 after acquiring an additional 130 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in HubSpot by 2,038.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,953 shares of the software maker’s stock valued at $11,663,000 after purchasing an additional 19,973 shares during the last quarter. Acadian Asset Management LLC raised its position in HubSpot by 15.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker’s stock worth $2,888,000 after purchasing an additional 660 shares during the period. Principal Financial Group Inc. lifted its stake in HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker’s stock worth $16,427,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker’s stock valued at $55,000 after buying an additional 92 shares during the period. Institutional investors own 90.39% of the company’s stock.

HubSpot Stock Performance

Shares of HubSpot stock opened at $452.93 on Friday. The company has a market capitalization of $23.87 billion, a PE ratio of -1,969.27, a P/E/G ratio of 15.58 and a beta of 1.58. The company has a 50-day simple moving average of $483.26 and a two-hundred day simple moving average of $544.68. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the previous year, the firm earned $1.94 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Dharmesh Shah sold 4,747 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the transaction, the chief technology officer directly owned 1,271,058 shares of the company’s stock, valued at $637,562,692.80. This represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00. Following the completion of the sale, the director owned 522,185 shares of the company’s stock, valued at approximately $264,497,146.20. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,096 shares of company stock worth $24,062,137 over the last quarter. Company insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on HubSpot from $775.00 to $675.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Raymond James Financial decreased their target price on HubSpot from $825.00 to $655.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Macquarie cut their price target on shares of HubSpot from $730.00 to $660.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Truist Financial reduced their price target on shares of HubSpot from $720.00 to $675.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $900.00 price objective on shares of HubSpot in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, HubSpot has an average rating of “Moderate Buy” and an average price target of $723.11.

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.