ASR Vermogensbeheer N.V. Purchases New Holdings in HubSpot, Inc. (NYSE:HUBS)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in HubSpot, Inc. during the first quarter, purchasing 3,737 shares valued at approximately $2.13 million.
• HubSpot's CEO Yamini Rangan and Director Brian Halligan sold shares worth over $5.9 million combined in separate transactions, indicating a decrease in their positions.
• HubSpot reported a 19.4% year-over-year revenue growth for the quarter, with earnings per share of $2.19, surpassing analysts' estimates.

ASR Vermogensbeheer N.V. acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,737 shares of the software maker's stock, valued at approximately $2,134,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HUBS. Elequin Capital LP acquired a new position in shares of HubSpot in the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its stake in shares of HubSpot by 91.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of HubSpot by 130.8% in 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 in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of HubSpot in the first quarter worth about $35,000. Finally, Colonial Trust Co SC lifted its stake in shares of HubSpot by 111.1% in the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on HUBS. Morgan Stanley boosted their price target on HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. BMO Capital Markets lowered their price objective on HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Jefferies Financial Group lowered their price objective on HubSpot from $900.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. BNP Paribas initiated coverage on HubSpot in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective for the company. Finally, Canaccord Genuity Group lowered their price target on HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $726.04.

HubSpot Price Performance

HUBS stock traded up $2.30 on Tuesday, reaching $423.09. The company's stock had a trading volume of 1,609,542 shares, compared to its average volume of 729,507. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The company has a market capitalization of $22.29 billion, a P/E ratio of -1,839.52, a price-to-earnings-growth ratio of 15.20 and a beta of 1.66. The firm has a fifty day moving average of $544.42 and a two-hundred day moving average of $609.50.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) 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 business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. During the same period in the prior year, the company posted $1.94 EPS. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at HubSpot

In other news, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is 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.