GDS Wealth Management Increases Stake in HubSpot, Inc. $HUBS

Key Points

• GDS Wealth Management increased its position in HubSpot, Inc. by 59.9% during the first quarter, bringing its total holdings to 9,347 shares valued at approximately $5.34 million.
• HubSpot reported Q2 earnings of $2.19 per share, exceeding analyst estimates of $2.12, with a revenue of $760.87 million, up 19.4% year-over-year.
• Hedge funds and institutional investors collectively own 90.39% of HubSpot's stock, indicating strong market confidence in the company's growth potential.

GDS Wealth Management raised its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 59.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,347 shares of the software maker's stock after acquiring an additional 3,503 shares during the period. GDS Wealth Management's holdings in HubSpot were worth $5,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in HubSpot in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC lifted its stake in shares of 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 buying an additional 22 shares during the period. Colonial Trust Co SC lifted its stake in shares of 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 buying an additional 30 shares during the period. Cullen Frost Bankers Inc. lifted its stake 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 buying an additional 34 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of HubSpot during the first quarter worth $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

HubSpot Trading Up 4.0%

HUBS traded up $18.2580 on Friday, reaching $474.2280. The stock had a trading volume of 895,937 shares, compared to its average volume of 1,065,703. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The business's 50-day moving average price is $518.67 and its two-hundred day moving average price is $590.07. The company has a market cap of $24.99 billion, a P/E ratio of -2,061.86, a price-to-earnings-growth ratio of 16.34 and a beta of 1.66.

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. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In related news, CEO Yamini Rangan sold 2,383 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 $1,314,915.57. Following the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares in the company, 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 28,498 shares of company stock valued at $14,752,256 over the last 90 days. Corporate insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James Financial lowered their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. The Goldman Sachs Group lowered their price objective on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating for the company in a research note on Friday, May 9th. BMO Capital Markets lowered their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Citigroup reduced their target price on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Macquarie reduced their target price on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price 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.