Allianz Asset Management GmbH Purchases 12,732 Shares of HubSpot, Inc. $HUBS

Key Points

• Allianz Asset Management GmbH increased its stake in HubSpot by 33.3%, acquiring an additional 12,732 shares, bringing its total holdings to approximately 50,944 shares valued at $28.36 million.
• Several institutional investors, including Price T Rowe Associates and Massachusetts Financial Services, significantly raised their holdings in HubSpot during the past quarter, highlighting a growing confidence among investors.
• HubSpot's stock currently has a market capitalization of $23.03 billion, with a recent quarterly EPS of $2.19, exceeding analysts' expectations of $2.12.

Allianz Asset Management GmbH boosted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 33.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,944 shares of the software maker's stock after purchasing an additional 12,732 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.10% of HubSpot worth $28,357,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock worth $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Vanguard Group Inc. raised its holdings in HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after purchasing an additional 201,994 shares in the last quarter. Nuveen LLC bought a new position in HubSpot in the first quarter worth $99,963,000. Finally, AQR Capital Management LLC raised its holdings in HubSpot by 64.2% in the first quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker's stock worth $191,431,000 after purchasing an additional 133,720 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HUBS. Macquarie decreased their price objective on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Citigroup cut their target price on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Barclays cut their target price on HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Wall Street Zen cut HubSpot from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein raised HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 target price on the stock in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $723.11.

HubSpot Price Performance

HubSpot stock opened at $437.15 on Friday. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The stock has a market capitalization of $23.03 billion, a PE ratio of -1,900.67, a price-to-earnings-growth ratio of 15.07 and a beta of 1.58. The business's fifty day moving average is $471.80 and its 200 day moving average is $534.29.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $760.87 million for the quarter, compared to analysts' expectations of $739.94 million. During the same period last year, the firm posted $1.94 earnings per share. HubSpot's revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,387 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $500.00, for a total value of $1,193,500.00. Following the transaction, the chief executive officer directly owned 56,277 shares of the company's stock, valued at approximately $28,138,500. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total value of $2,381,095.20. Following the completion of the transaction, the chief technology officer directly owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,598 shares of company stock valued at $20,947,042. 4.00% of the stock is currently owned by corporate 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.

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