Russell Investments Group Ltd. Has $350,000 Holdings in HubSpot Inc (HUBS)

Russell Investments Group Ltd. cut its stake in HubSpot Inc (NYSE:HUBS) by 84.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,790 shares of the software maker’s stock after selling 14,622 shares during the quarter. Russell Investments Group Ltd.’s holdings in HubSpot were worth $350,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Aperio Group LLC lifted its holdings in HubSpot by 16.3% in the second quarter. Aperio Group LLC now owns 3,835 shares of the software maker’s stock valued at $481,000 after acquiring an additional 537 shares during the period. Cambridge Trust Co. lifted its holdings in HubSpot by 14.1% in the second quarter. Cambridge Trust Co. now owns 5,234 shares of the software maker’s stock valued at $656,000 after acquiring an additional 646 shares during the period. Fred Alger Management Inc. raised its stake in shares of HubSpot by 0.3% during the 2nd quarter. Fred Alger Management Inc. now owns 265,410 shares of the software maker’s stock worth $33,282,000 after buying an additional 703 shares during the period. Amalgamated Bank raised its stake in shares of HubSpot by 18.9% during the 2nd quarter. Amalgamated Bank now owns 5,540 shares of the software maker’s stock worth $695,000 after buying an additional 879 shares during the period. Finally, Harbour Capital Advisors LLC raised its stake in shares of HubSpot by 7.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 12,175 shares of the software maker’s stock worth $1,560,000 after buying an additional 895 shares during the period. 96.39% of the stock is owned by institutional investors.

In related news, General Counsel John P. Kelleher sold 408 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $120.00, for a total value of $48,960.00. Following the completion of the transaction, the general counsel now directly owns 40,646 shares of the company’s stock, valued at approximately $4,877,520. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the insider now directly owns 47,673 shares of the company’s stock, valued at $5,720,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,711 shares of company stock valued at $17,894,008. 9.60% of the stock is owned by corporate insiders.

NYSE HUBS opened at $145.83 on Monday. HubSpot Inc has a one year low of $73.15 and a one year high of $162.20. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.26 and a quick ratio of 3.26. The firm has a market capitalization of $5.86 billion, a P/E ratio of -142.97 and a beta of 1.94.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data on Wednesday, August 1st. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. HubSpot had a negative return on equity of 17.00% and a negative net margin of 12.64%. The firm had revenue of $122.60 million during the quarter, compared to the consensus estimate of $117.75 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 37.6% compared to the same quarter last year. On average, sell-side analysts forecast that HubSpot Inc will post -1.1 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Rosenblatt Securities assumed coverage on HubSpot in a research note on Thursday. They set a “buy” rating and a $170.00 target price for the company. UBS Group assumed coverage on HubSpot in a research note on Thursday. They set a “buy” rating for the company. Jefferies Financial Group assumed coverage on HubSpot in a research note on Tuesday, October 2nd. They set a “buy” rating and a $182.00 target price for the company. Summit Insights reaffirmed a “hold” rating on shares of HubSpot in a research note on Thursday, September 6th. Finally, Morgan Stanley upped their target price on HubSpot from $119.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $140.00.

About HubSpot

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.

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Institutional Ownership by Quarter for HubSpot (NYSE:HUBS)

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