HubSpot, Inc. $HUBS Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of HubSpot, Inc. (NYSE:HUBS) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,736,765 shares of the software maker’s stock after acquiring an additional 345,524 shares during the period. Vanguard Group Inc. owned about 10.89% of HubSpot worth $2,683,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Goodman Advisory Group LLC bought a new position in shares of HubSpot during the second quarter worth about $27,000. Whittier Trust Co. lifted its holdings in HubSpot by 136.4% during the 2nd quarter. Whittier Trust Co. now owns 52 shares of the software maker’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of HubSpot by 783.3% in the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares in the last quarter. Exane Asset Management acquired a new position in shares of HubSpot in the 3rd quarter worth approximately $30,000. Finally, Westside Investment Management Inc. increased its holdings in shares of HubSpot by 80.5% in the 3rd quarter. Westside Investment Management Inc. now owns 74 shares of the software maker’s stock valued at $33,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBS has been the topic of several research analyst reports. Bank of America reduced their price objective on HubSpot from $640.00 to $515.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group dropped their target price on shares of HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Zacks Research lowered shares of HubSpot from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Needham & Company LLC lowered their price objective on shares of HubSpot from $700.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Rothschild & Co Redburn lowered shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $452.70.

HubSpot Price Performance

NYSE:HUBS opened at $249.93 on Thursday. HubSpot, Inc. has a 1 year low of $207.20 and a 1 year high of $803.31. The stock’s fifty day moving average price is $329.38 and its two-hundred day moving average price is $405.83. The company has a market cap of $13.18 billion, a P/E ratio of 287.27, a P/E/G ratio of 3.67 and a beta of 1.44.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $830.65 million. During the same period in the previous year, the company posted $2.32 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.38, for a total value of $2,578,730.00. Following the sale, the director directly owned 487,344 shares in the company, valued at $147,850,422.72. This represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Erika Ashley Fisher sold 841 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $238.01, for a total transaction of $200,166.41. Following the completion of the transaction, the insider directly owned 10,119 shares of the company’s stock, valued at approximately $2,408,423.19. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,430 shares of company stock worth $6,046,669. Insiders own 4.00% of the company’s stock.

HubSpot Company Profile

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.