817 Shares in HubSpot, Inc. $HUBS Acquired by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA acquired 817 shares of HubSpot, Inc. for approximately $455,000 in the second quarter, contributing to the company's institutional ownership of 90.39%.
• HubSpot reported a 19.4% year-over-year increase in revenue to $760.87 million and an earnings per share (EPS) of $2.19, exceeding analyst expectations.
• HubSpot's stock is currently trading down 1.7% with a market cap of $27.09 billion, and various analysts project a moderate buy rating with an average price target of $722.93.

CHICAGO TRUST Co NA bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 817 shares of the software maker's stock, valued at approximately $455,000.

A number of other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings 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 worth $34,000 after buying an additional 34 shares during the period. N.E.W. Advisory Services LLC acquired a new position in HubSpot during the 1st quarter worth $35,000. Clean Yield Group bought a new stake in HubSpot during the first quarter valued at about $41,000. GW&K Investment Management LLC boosted its holdings in HubSpot by 203.8% during the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after acquiring an additional 53 shares during the period. Finally, S Bank Fund Management Ltd acquired a new stake in shares of HubSpot in the first quarter valued at about $46,000. Institutional investors own 90.39% of the company's stock.

HubSpot Trading Down 1.7%

HUBS stock opened at $514.13 on Wednesday. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The firm has a market cap of $27.09 billion, a P/E ratio of -2,235.35, a P/E/G ratio of 18.07 and a beta of 1.58. The business's 50 day moving average is $493.57 and its 200-day moving average is $551.20.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the firm earned $1.94 EPS. HubSpot's quarterly revenue was up 19.4% on a year-over-year basis. Sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of the business's stock in a transaction dated 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 transaction, the chief technology officer directly owned 1,275,805 shares in the company, valued at $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,094 shares of company stock valued at $25,716,404. Company insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

HUBS has been the subject of several research analyst reports. Cantor Fitzgerald assumed coverage on HubSpot in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price objective for the company. Barclays cut their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. BMO Capital Markets lowered their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Needham & Company LLC reiterated a "buy" rating and set a $900.00 target price on shares of HubSpot in a research note on Thursday, September 4th. Finally, UBS Group reissued an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $722.93.

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.

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