Cetera Investment Advisers Acquires 665 Shares of HubSpot, Inc. (NYSE:HUBS)

Key Points

• Cetera Investment Advisers increased its stake in HubSpot by 16% during Q1, holding 4,817 shares now valued at $2.75 million.
• In insider trading news, HubSpot's Director Brian Halligan sold 8,500 shares worth approximately $4.6 million, reducing his ownership by 1.60%.
• HubSpot reported a 19.4% increase in revenue year-over-year, with earnings per share of $2.19 surpassing analysts' expectations of $2.12.

Cetera Investment Advisers boosted its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,817 shares of the software maker's stock after buying an additional 665 shares during the period. Cetera Investment Advisers' holdings in HubSpot were worth $2,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its position in HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares during the period. Principal Financial Group Inc. increased its holdings in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC lifted its position in shares of HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after purchasing an additional 92 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of HubSpot in the first quarter worth approximately $235,000. Finally, Amalgamated Bank boosted its holdings in shares of HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $543.07, for a total value of $4,616,095.00. Following the completion of the transaction, the director owned 522,435 shares of the company's stock, valued at $283,718,775.45. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Yamini Rangan sold 2,383 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the sale, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. This represents a 3.59% 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 valued at $10,928,616 over the last three months. 4.50% of the stock is owned by corporate insiders.

HubSpot Price Performance

Shares of HubSpot stock traded down $12.77 during midday trading on Friday, hitting $449.10. The company had a trading volume of 1,284,983 shares, compared to its average volume of 715,201. HubSpot, Inc. has a 1-year low of $444.25 and a 1-year high of $881.13. The business's 50 day simple moving average is $547.87 and its two-hundred day simple moving average is $613.34. The stock has a market cap of $23.69 billion, a PE ratio of -1,952.61, a P/E/G ratio of 17.92 and a beta of 1.66.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) 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 1.78%. The company had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same period last year, the business posted $1.94 EPS. The business's quarterly revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HUBS shares. Mizuho decreased their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Barclays reduced their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Citigroup dropped their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley raised their price objective 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. Finally, UBS Group reduced their target price on shares of HubSpot from $820.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HubSpot has a consensus rating of "Moderate Buy" and an average price target of $726.04.

HubSpot Company 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.