Fox Run Management L.L.C. Purchases New Stake in HubSpot, Inc. $HUBS

Key Points

• Fox Run Management L.L.C. has acquired a new stake in HubSpot, purchasing 714 shares valued at approximately $408,000 during the first quarter.
• Insiders at HubSpot, including CEO Yamini Rangan and CFO Kathryn Bueker, sold substantial amounts of stock recently, with Rangan selling shares for over $1.3 million.
• HubSpot's latest earnings report showed a positive year-over-year revenue growth of 19.4% and earnings per share of $2.19, exceeding analysts' expectations.

Fox Run Management L.L.C. bought a new position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 714 shares of the software maker's stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBS. Elequin Capital LP acquired a new stake in HubSpot during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC increased its stake in HubSpot by 91.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock worth $32,000 after acquiring an additional 22 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in 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 acquiring an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in HubSpot during the first quarter worth $35,000. Finally, Colonial Trust Co SC increased its stake in HubSpot by 111.1% during the fourth quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock worth $40,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insiders Place Their Bets

In other HubSpot news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction dated 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 sale, the chief executive officer directly owned 63,918 shares of the company's stock, valued at $35,269,313.22. The trade was a 3.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $339,350.85. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,998 shares of company stock valued at $10,928,616 in the last ninety days. Insiders own 4.00% of the company's stock.

HubSpot Price Performance

Shares of NYSE HUBS opened at $448.55 on Tuesday. The company has a market capitalization of $23.64 billion, a price-to-earnings ratio of -1,950.23, a price-to-earnings-growth ratio of 15.14 and a beta of 1.66. The business has a 50-day moving average of $527.66 and a two-hundred day moving average of $597.58. 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 announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The company had revenue of $760.87 million during 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%. HubSpot's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. As a group, equities research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HUBS shares. UBS Group cut their target price on HubSpot from $820.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Raymond James Financial dropped their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Macquarie dropped their price objective on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. dropped their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Finally, Oppenheimer lifted their price objective on HubSpot from $700.00 to $750.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $726.04.

About HubSpot

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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