Ballentine Partners LLC raised its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 251.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the software maker's stock after buying an additional 1,466 shares during the period. Ballentine Partners LLC's holdings in HubSpot were worth $1,141,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Vise Technologies Inc. acquired a new stake in HubSpot in the fourth quarter valued at $219,000. GTS Securities LLC increased its holdings in HubSpot by 120.4% during the 4th quarter. GTS Securities LLC now owns 334 shares of the software maker's stock valued at $233,000 after acquiring an additional 1,969 shares in the last quarter. Toronto Dominion Bank raised its position in HubSpot by 2.5% during the fourth quarter. Toronto Dominion Bank now owns 6,382 shares of the software maker's stock worth $4,447,000 after acquiring an additional 154 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of HubSpot by 15.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,830 shares of the software maker's stock valued at $1,972,000 after purchasing an additional 386 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of HubSpot by 45.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the software maker's stock valued at $3,238,000 after purchasing an additional 1,450 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
HubSpot Price Performance
Shares of HUBS stock opened at $506.69 on Friday. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The firm has a market capitalization of $26.70 billion, a price-to-earnings ratio of -2,203.02, a price-to-earnings-growth ratio of 17.81 and a beta of 1.58. The business has a 50 day simple moving average of $492.64 and a 200 day simple moving average of $550.42.
HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. On average, equities analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HUBS. JPMorgan Chase & Co. lowered their target price on HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. BMO Capital Markets decreased their price target on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company boosted their target price on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Citigroup lowered their price target on HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $722.93.
Check Out Our Latest Report on HubSpot
Insider Transactions at HubSpot
In other news, CTO Dharmesh Shah sold 4,747 shares of the company's stock in a transaction on 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 sale, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 477 shares of HubSpot stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $500.00, for a total value of $238,500.00. Following the transaction, the chief executive officer directly owned 62,291 shares in the company, valued at approximately $31,145,500. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,094 shares of company stock valued at $25,716,404. 4.00% of the stock is currently owned by company insiders.
HubSpot Company Profile
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Free Report)
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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