Exchange Traded Concepts LLC Has $3.63 Million Stock Holdings in HubSpot, Inc. $HUBS

Key Points

• Exchange Traded Concepts LLC increased its holdings in HubSpot by 16.1%, acquiring an additional 903 shares, bringing its total to 6,528 shares valued at approximately $3.63 million.
• CEO Yamini Rangan sold 2,383 shares at an average price of $551.79, reducing her ownership by 3.59%, while CFO Kathryn Bueker sold 615 shares, decreasing her stake by 1.47%.
• HubSpot is currently rated as a Moderate Buy by analysts, with a target price averaging around $722.93, indicating optimism about the company’s future performance.

Exchange Traded Concepts LLC grew its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,528 shares of the software maker's stock after purchasing an additional 903 shares during the period. Exchange Traded Concepts LLC's holdings in HubSpot were worth $3,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of HubSpot by 130.8% during the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock worth $34,000 after purchasing an additional 34 shares during the period. N.E.W. Advisory Services LLC acquired a new position in HubSpot during the 1st quarter worth $35,000. Clean Yield Group purchased a new stake in shares of HubSpot during the first quarter valued at $41,000. GW&K Investment Management LLC raised its position in HubSpot by 203.8% during the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after buying an additional 53 shares during the period. Finally, S Bank Fund Management Ltd bought a new stake in shares of HubSpot during the 1st quarter worth about $46,000. Institutional investors own 90.39% of the company's stock.

HubSpot Price Performance

HUBS stock traded up $6.89 during mid-day trading on Friday, reaching $520.01. The company had a trading volume of 969,482 shares, compared to its average volume of 730,939. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The company has a market capitalization of $27.40 billion, a PE ratio of -2,260.91, a price-to-earnings-growth ratio of 17.93 and a beta of 1.58. The firm has a 50 day moving average of $494.17 and a 200 day moving average of $552.28.

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, beating analysts' consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. Analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUBS. Piper Sandler started coverage on HubSpot in a report on Thursday, September 4th. They set an "overweight" rating and a $675.00 price objective for the company. Macquarie dropped their target price on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Wells Fargo & Company lifted their price objective on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Canaccord Genuity Group dropped their target price on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. One equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $722.93.

Insiders Place Their Bets

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the business'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 $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares of the company's stock, valued at $22,670,843.94. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 17,253 shares of HubSpot stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the transaction, the chief technology officer directly owned 1,275,805 shares in the company, valued at approximately $638,744,531.30. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,094 shares of company stock worth $25,716,404. Company insiders own 4.00% of the company's stock.

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.