Durable Capital Partners LP Has $484.15 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• Durable Capital Partners LP has reduced its position in HubSpot, Inc. by 12.2%, selling 117,861 shares, and now holds 4.3% of the company's stock, valued at $484.1 million.
• Several analysts have recently adjusted their target price for HubSpot, with estimates ranging from $650 to $900, reflecting a consensus rating of "Moderate Buy."
• Insider trading activity has shown a substantial number of shares sold recently, including a sale by CEO Yamini Rangan that decreased their stake by 3.59%.

Durable Capital Partners LP lessened its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 847,463 shares of the software maker's stock after selling 117,861 shares during the period. HubSpot comprises approximately 4.3% of Durable Capital Partners LP's portfolio, making the stock its 4th biggest position. Durable Capital Partners LP owned about 1.61% of HubSpot worth $484,147,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Paloma Partners Management Co boosted its position in HubSpot by 74.8% during the first quarter. Paloma Partners Management Co now owns 3,904 shares of the software maker's stock valued at $2,230,000 after purchasing an additional 1,670 shares during the last quarter. Maverick Capital Ltd. boosted its position in HubSpot by 71.1% during the first quarter. Maverick Capital Ltd. now owns 975 shares of the software maker's stock valued at $557,000 after purchasing an additional 405 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in HubSpot during the first quarter valued at $780,000. Royal Bank of Canada boosted its position in HubSpot by 36.6% during the first quarter. Royal Bank of Canada now owns 186,213 shares of the software maker's stock valued at $106,382,000 after purchasing an additional 49,917 shares during the last quarter. Finally, Quarry LP raised its holdings in HubSpot by 2,750.0% during the first quarter. Quarry LP now owns 285 shares of the software maker's stock valued at $163,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of several recent research reports. Cantor Fitzgerald initiated coverage on HubSpot in a report on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 target price on the stock. Morgan Stanley raised their target price on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $722.93.

Insider Transactions at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $449.84, for a total value 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. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the business'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 transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders have sold 28,498 shares of company stock valued at $14,752,256 in the last three months. 4.00% of the stock is owned by corporate insiders.

HubSpot Stock Performance

NYSE HUBS traded up $23.27 during trading on Friday, reaching $487.58. 1,132,340 shares of the company traded hands, compared to its average volume of 921,969. The stock's 50 day moving average price is $504.15 and its two-hundred day moving average price is $569.21. The company has a market cap of $25.69 billion, a price-to-earnings ratio of -2,119.90, a P/E/G ratio of 16.00 and a beta of 1.58. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 earnings per share. Equities research analysts expect that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

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.