Jefferies Financial Group Inc. Buys 7,432 Shares of HubSpot, Inc. $HUBS

Jefferies Financial Group Inc. boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 148.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,435 shares of the software maker’s stock after buying an additional 7,432 shares during the period. Jefferies Financial Group Inc.’s holdings in HubSpot were worth $5,817,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HUBS. Goodman Advisory Group LLC purchased a new position in shares of HubSpot during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. lifted its stake in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock valued at $30,000 after purchasing an additional 47 shares during the period. Osterweis Capital Management Inc. purchased a new position in shares of HubSpot in the 2nd quarter valued at approximately $34,000. Exane Asset Management bought a new stake in shares of HubSpot during the third quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of HubSpot during the second quarter valued at approximately $39,000. 90.39% of the stock is owned by institutional investors.

HubSpot Price Performance

NYSE HUBS opened at $286.78 on Tuesday. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 329.63, a PEG ratio of 4.42 and a beta of 1.40. HubSpot, Inc. has a 1-year low of $207.20 and a 1-year high of $682.57. The business’s fifty day moving average price is $296.31 and its 200-day moving average price is $387.87.

HubSpot (NYSE:HUBS) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. HubSpot had a return on equity of 3.64% and a net margin of 1.47%.The company had revenue of $846.75 million during the quarter, compared to analyst estimates of $830.65 million. During the same quarter in the previous year, the company posted $2.32 earnings per share. HubSpot’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Transactions at HubSpot

In related news, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total value of $200,166.41. Following the transaction, the insider owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Halligan sold 8,261 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $253.00, for a total transaction of $2,090,033.00. Following the completion of the transaction, the director directly owned 481,168 shares in the company, valued at approximately $121,735,504. The trade was a 1.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,691 shares of company stock valued at $8,136,702. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HUBS. Royal Bank Of Canada decreased their price objective on HubSpot from $800.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of HubSpot from $600.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Wall Street Zen raised shares of HubSpot from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of HubSpot in a research note on Friday, January 9th. Finally, Jefferies Financial Group lowered their price target on shares of HubSpot from $560.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $454.20.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.