Vanguard Group Inc. Increases Stake in HubSpot, Inc. (NYSE:HUBS)

Vanguard Group Inc. boosted its position in shares of HubSpot, Inc. (NYSE:HUBS) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,529,027 shares of the software maker’s stock after buying an additional 132,159 shares during the period. Vanguard Group Inc. owned 6.99% of HubSpot worth $153,132,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of HubSpot during the first quarter worth $151,000. Juncture Wealth Strategies LLC purchased a new stake in shares of HubSpot during the first quarter worth $241,000. Solaris Asset Management LLC increased its stake in shares of HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock worth $244,000 after buying an additional 226 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of HubSpot during the first quarter worth $250,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of HubSpot during the first quarter worth $252,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Shares of HubSpot, Inc. (NYSE:HUBS) traded up 1.65% during trading on Wednesday, hitting $70.65. 185,348 shares of the stock traded hands. The company has a 50-day moving average of $69.91 and a 200-day moving average of $65.43. The firm’s market cap is $2.62 billion. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50.

HubSpot (NYSE:HUBS) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $85.80 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. HubSpot’s revenue for the quarter was up 37.1% on a year-over-year basis. On average, analysts forecast that HubSpot, Inc. will post $0.05 EPS for the current fiscal year.

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HUBS has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target (up from $64.00) on shares of HubSpot in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, May 1st. SunTrust Banks, Inc. assumed coverage on shares of HubSpot in a report on Monday, June 26th. They set a “buy” rating and a $81.00 target price on the stock. Finally, CIBC restated a “buy” rating and set a $78.00 target price on shares of HubSpot in a report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.19.

In related news, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $64.75, for a total transaction of $1,618,750.00. Following the completion of the sale, the chief executive officer now owns 806,787 shares in the company, valued at $52,239,458.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hunter Madeley sold 1,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $73.95, for a total value of $73,950.00. Following the sale, the insider now owns 89,874 shares of the company’s stock, valued at approximately $6,646,182.30. The disclosure for this sale can be found here. Insiders have sold 62,899 shares of company stock valued at $4,248,830 in the last quarter. 18.50% of the stock is currently owned by corporate insiders.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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