Abacus FCF Advisors LLC Takes Position in HubSpot, Inc. $HUBS

Key Points

• Abacus FCF Advisors LLC purchased 11,713 shares of HubSpot, Inc. valued at approximately $6.52 million in the second quarter.
• HubSpot reported a quarterly EPS of $2.19, surpassing analyst expectations, and saw a 19.4% increase in revenue year-over-year.
• Several research analysts have revised their price targets for HubSpot, with an average target price now set at $722.93, indicating a generally positive outlook.

Abacus FCF Advisors LLC purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,713 shares of the software maker's stock, valued at approximately $6,520,000.

Several other large investors have also recently added to or reduced their stakes in HUBS. Cullen Frost Bankers Inc. increased its position in shares of HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in HubSpot during the first quarter valued at $35,000. Clean Yield Group bought a new position in HubSpot during the first quarter valued at about $41,000. GW&K Investment Management LLC increased its stake in shares of HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock worth $45,000 after purchasing an additional 53 shares during the period. Finally, S Bank Fund Management Ltd bought a new position in shares of HubSpot in the first quarter worth about $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $506.52, for a total value of $4,305,420.00. Following the completion of the transaction, the director directly owned 522,185 shares in the company, valued at $264,497,146.20. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 477 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $500.00, for a total transaction of $238,500.00. Following the transaction, the chief executive officer owned 62,291 shares of the company's stock, valued at approximately $31,145,500. This represents a 0.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,094 shares of company stock valued at $25,716,404 in the last ninety days. Corporate insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBS. Wells Fargo & Company lifted their price objective on HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Barclays dropped their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. UBS Group reiterated an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a research report on Thursday, September 4th. Finally, Macquarie reduced their target price on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $722.93.

HubSpot Trading Down 1.6%

Shares of HubSpot stock traded down $8.11 on Tuesday, hitting $514.86. 248,924 shares of the company traded hands, compared to its average volume of 737,553. The firm's 50-day simple moving average is $493.86 and its 200 day simple moving average is $551.46. The company has a market cap of $27.13 billion, a P/E ratio of -2,234.72, a P/E/G ratio of 17.93 and a beta of 1.58. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analysts' expectations of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

HubSpot Profile

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.