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 bought a new position in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,500 shares of the software maker's stock, valued at approximately $10,569,000.

Other large investors have also recently made changes to their positions in the company. Elequin Capital LP bought a new stake in HubSpot during the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. increased its position in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after acquiring an additional 34 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of HubSpot during the first quarter valued at approximately $35,000. Clean Yield Group purchased a new stake in shares of HubSpot in the first quarter valued at approximately $41,000. Finally, GW&K Investment Management LLC grew its stake in 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 in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBS. KeyCorp decreased their target price on HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective for the company in a report on Wednesday, September 3rd. Cantor Fitzgerald started coverage on shares of HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. UBS Group restated an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Finally, Macquarie reduced their price objective 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 given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $722.93.

HubSpot Price Performance

NYSE HUBS traded up $16.68 on Monday, hitting $508.16. The stock had a trading volume of 642,830 shares, compared to its average volume of 776,623. The business's fifty day moving average price is $497.22 and its 200 day moving average price is $557.17. The stock has a market cap of $26.77 billion, a price-to-earnings ratio of -2,209.39, a price-to-earnings-growth ratio of 16.93 and a beta of 1.58. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13.

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

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.66, for a total value of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the sale, the director directly owned 522,435 shares in the company, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,094 shares of company stock worth $26,069,239. 4.00% of the stock is owned by insiders.

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.