AXS Investments LLC Takes Position in HubSpot, Inc. (NYSE:HUBS)

Key Points

• AXS Investments LLC acquired a stake in HubSpot, purchasing 1,825 shares valued at approximately $1,043,000 during the first quarter.
• Analysts have mixed views on HubSpot with a consensus rating of "Moderate Buy" and an average target price of $759.04, despite recent price objective reductions by firms like Goldman Sachs and Stifel Nicolaus.
• HubSpot's latest quarterly earnings topped expectations, reporting $760.87 million in revenue and $2.19 earnings per share, reflecting a year-over-year revenue growth of 19.4%.

AXS Investments LLC purchased a new stake in HubSpot, Inc. (NYSE:HUBS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,825 shares of the software maker's stock, valued at approximately $1,043,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wedbush Securities Inc. grew its stake in HubSpot by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 393 shares of the software maker's stock valued at $274,000 after purchasing an additional 13 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of HubSpot by 1.1% in the 1st quarter. Venturi Wealth Management LLC now owns 1,507 shares of the software maker's stock valued at $861,000 after buying an additional 16 shares during the period. WCM Investment Management LLC lifted its holdings in shares of HubSpot by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 2,668 shares of the software maker's stock valued at $1,553,000 after buying an additional 17 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of HubSpot by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 662 shares of the software maker's stock valued at $378,000 after buying an additional 19 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of HubSpot by 3.5% in the 1st quarter. Ballentine Partners LLC now owns 584 shares of the software maker's stock valued at $334,000 after buying an additional 20 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HUBS shares. The Goldman Sachs Group decreased their price objective on HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a report on Friday, May 9th. BNP Paribas started coverage on HubSpot in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $700.00 price objective for the company. Stifel Nicolaus decreased their price objective on HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a report on Monday, July 14th. Citigroup upped their price target on HubSpot from $750.00 to $759.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Truist Financial cut their price objective on HubSpot from $900.00 to $720.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and an average target price of $759.04.

HubSpot Price Performance

NYSE HUBS opened at $490.83 on Thursday. The company has a market cap of $25.89 billion, a P/E ratio of -1,090.73, a P/E/G ratio of 17.90 and a beta of 1.66. The stock has a 50-day moving average of $555.48 and a two-hundred day moving average of $617.78. HubSpot, Inc. has a 1-year low of $454.25 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a positive return on equity of 0.14% and a negative net margin of 0.85%. The company had revenue of $760.87 million for the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the prior year, the business earned $1.94 EPS. HubSpot's revenue was up 19.4% on a year-over-year basis. On average, analysts anticipate 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 2,383 shares of the company's stock in a transaction dated 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 owned 63,918 shares in the company, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated 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 owned 41,086 shares in the company, valued at approximately $22,670,843.94. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,998 shares of company stock worth $10,928,616 in the last quarter. 4.50% of the stock is owned by company 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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