Campbell & CO Investment Adviser LLC Boosts Holdings in HubSpot, Inc. $HUBS

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in HubSpot, acquiring 5,398 additional shares and raising its position by 990.5% in the first quarter, valuing their investment at approximately $3.39 million.
• Insider trading activity included Brian Halligan, Director, selling 8,500 shares for nearly $3.82 million, while CEO Yamini Rangan sold 2,383 shares valued at over $1.31 million.
• HubSpot's stock is currently trading at around $474.23 with a market cap of $24.99 billion, showing a 19.4% increase in revenue year-over-year, and analysts have set a consensus target price of $726.04.

Campbell & CO Investment Adviser LLC increased its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 990.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,943 shares of the software maker's stock after buying an additional 5,398 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in HubSpot were worth $3,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in HubSpot during the fourth quarter valued at $27,000. Coppell Advisory Solutions LLC lifted its position in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the period. Colonial Trust Co SC lifted its position in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares during the period. Cullen Frost Bankers Inc. lifted its position in HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in HubSpot during the first quarter valued at $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the completion of the transaction, the director owned 522,435 shares in the company, valued at $235,012,160.40. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were 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. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock worth $14,752,256 in the last 90 days. Insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of HUBS traded up $7.15 during mid-day trading on Friday, hitting $483.49. 355,064 shares of the company were exchanged, compared to its average volume of 735,915. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13. The company has a 50 day moving average of $512.28 and a 200-day moving average of $582.68. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of -2,099.21, a price-to-earnings-growth ratio of 16.17 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last released 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 negative net margin of 0.42% and a positive return on equity of 1.74%. The firm had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. During the same quarter in the prior year, the firm earned $1.94 EPS. The company's revenue for the quarter was up 19.4% on a year-over-year basis. Research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. KeyCorp decreased their price objective on shares of HubSpot from $860.00 to $775.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Oppenheimer upped their price objective on shares of HubSpot from $700.00 to $750.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Barclays decreased their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Finally, Raymond James Financial decreased their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus price target of $726.04.

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.