Motley Fool Asset Management LLC Purchases 53 Shares of HubSpot, Inc. (NYSE:HUBS)

Motley Fool Asset Management LLC increased its position in HubSpot, Inc. (NYSE:HUBS) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 986 shares of the software maker’s stock after acquiring an additional 53 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HubSpot were worth $618,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in HubSpot by 0.6% in the 1st quarter. California State Teachers Retirement System now owns 71,918 shares of the software maker’s stock worth $45,061,000 after acquiring an additional 421 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in HubSpot by 36.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,092 shares of the software maker’s stock worth $684,000 after acquiring an additional 294 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of HubSpot by 2.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,114 shares of the software maker’s stock worth $698,000 after purchasing an additional 30 shares during the period. Janus Henderson Group PLC increased its holdings in shares of HubSpot by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 24,521 shares of the software maker’s stock worth $15,364,000 after purchasing an additional 689 shares during the period. Finally, Kodai Capital Management LP increased its holdings in shares of HubSpot by 118.7% during the 1st quarter. Kodai Capital Management LP now owns 89,327 shares of the software maker’s stock worth $55,969,000 after purchasing an additional 48,479 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at $244,707,645.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $586.85, for a total value of $14,671,250.00. Following the completion of the sale, the chief technology officer now owns 1,348,929 shares of the company’s stock, valued at $791,618,983.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the completion of the sale, the insider now directly owns 518,152 shares of the company’s stock, valued at approximately $244,707,645.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,491 shares of company stock valued at $26,699,609. Insiders own 4.50% of the company’s stock.

HubSpot Price Performance

Shares of NYSE HUBS traded up $9.01 during trading on Wednesday, reaching $497.03. The company had a trading volume of 551,821 shares, compared to its average volume of 639,763. HubSpot, Inc. has a 52 week low of $407.23 and a 52 week high of $693.85. The stock has a market cap of $25.33 billion, a PE ratio of -187.56 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50 day moving average price is $556.42 and its 200-day moving average price is $595.45.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.27. HubSpot had a negative net margin of 5.78% and a negative return on equity of 4.94%. The company had revenue of $617.41 million during the quarter, compared to the consensus estimate of $597.12 million. Analysts expect that HubSpot, Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HUBS. Canaccord Genuity Group dropped their price objective on shares of HubSpot from $750.00 to $700.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday, May 9th. Piper Sandler dropped their price objective on shares of HubSpot from $655.00 to $570.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Barclays dropped their price objective on shares of HubSpot from $600.00 to $575.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, UBS Group dropped their price objective on shares of HubSpot from $640.00 to $580.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $630.04.

About HubSpot

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.