18,500 Shares in HubSpot, Inc. $HUBS Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 18,500 shares of HubSpot, Inc., valued at approximately $10.57 million, marking a new position in the software maker's stock.
• HubSpot reported a 19.4% year-over-year revenue increase in its latest earnings, with an EPS of $2.19, surpassing analyst expectations.
• HubSpot's stock currently has a consensus rating of "Moderate Buy" with a price target averaging $722.93 from various analysts.

Strs Ohio purchased a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,500 shares of the software maker's stock, valued at approximately $10,569,000.

A number of other institutional investors also recently bought and sold shares of HUBS. Price T Rowe Associates Inc. MD raised its stake in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock worth $2,805,070,000 after buying an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of HubSpot by 4.0% during the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after purchasing an additional 178,021 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of HubSpot during the first quarter valued at approximately $99,963,000. 90.39% of the stock is owned by institutional investors.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $501.60, for a total value of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares in the company, valued at approximately $637,562,692.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total transaction of $4,305,420.00. Following the completion of the sale, the director owned 522,185 shares in the company, valued at $264,497,146.20. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,094 shares of company stock worth $25,716,404. Company insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of HUBS traded up $6.60 on Thursday, hitting $513.90. 672,070 shares of the stock traded hands, compared to its average volume of 740,109. The company has a market capitalization of $27.08 billion, a PE ratio of -2,234.35, a P/E/G ratio of 17.53 and a beta of 1.58. The business has a 50 day simple moving average of $494.25 and a 200 day simple moving average of $555.12. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share. On average, equities analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HUBS shares. Sanford C. Bernstein raised shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 target price for the company in a research note on Wednesday, September 3rd. Raymond James Financial decreased their target price on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Canaccord Genuity Group decreased their target price on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Stifel Nicolaus decreased their target price on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. One equities research 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. According to MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average target price of $722.93.

HubSpot Company 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.