Generali Asset Management SPA SGR Has $1.65 Million Position in HubSpot, Inc. $HUBS

Key Points

• Generali Asset Management SPA SGR increased its stake in HubSpot by 43.8% in Q2, holding 2,966 shares valued at approximately $1.65 million.
• A variety of institutional investors, such as Hilltop National Bank and Cullen Frost Bankers Inc., have recently adjusted their positions in HubSpot, with 90.39% of the company's stock now owned by institutional investors.
• HubSpot reported quarterly earnings of $2.19 per share and revenue of $760.87 million, surpassing analyst expectations and marking a 19.4% increase compared to the previous year.

Generali Asset Management SPA SGR raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 43.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,966 shares of the software maker's stock after acquiring an additional 903 shares during the quarter. Generali Asset Management SPA SGR's holdings in HubSpot were worth $1,651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HUBS. Hilltop National Bank acquired a new stake in HubSpot in the second quarter valued at approximately $32,000. Cullen Frost Bankers Inc. lifted its stake in HubSpot by 130.8% in the first quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after acquiring an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in HubSpot in the first quarter valued at approximately $35,000. GW&K Investment Management LLC lifted its stake in HubSpot by 203.8% in the first quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after acquiring an additional 53 shares during the last quarter. Finally, S Bank Fund Management Ltd acquired a new stake in HubSpot in the first quarter valued at approximately $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HUBS. Barclays reduced their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Weiss Ratings restated a "sell (e+)" rating on shares of HubSpot in a research note on Tuesday. Raymond James Financial decreased their price objective on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Sanford C. Bernstein upgraded shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 target price on the stock in a research note on Wednesday, September 3rd. Finally, Canaccord Genuity Group lowered their target price on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $723.11.

HubSpot Trading Up 1.0%

Shares of HUBS stock opened at $437.15 on Friday. HubSpot, Inc. has a 1 year low of $418.34 and a 1 year high of $881.13. The firm's fifty day simple moving average is $471.80 and its 200 day simple moving average is $534.70. The firm has a market capitalization of $23.03 billion, a P/E ratio of -1,900.67, a price-to-earnings-growth ratio of 14.92 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last announced its 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. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The business had revenue of $760.87 million for the quarter, compared to analyst estimates of $739.94 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. HubSpot's revenue was up 19.4% compared to the same quarter last year. Equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at HubSpot

In related news, CTO Dharmesh Shah sold 17,253 shares of the business's stock in a transaction 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 transaction, the chief technology officer owned 1,275,805 shares of the company's stock, valued at approximately $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Yamini Rangan sold 2,387 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $1,193,500.00. Following the completion of the sale, the chief executive officer directly owned 56,277 shares in the company, valued at $28,138,500. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,598 shares of company stock worth $20,947,042. 4.00% of the stock is owned by insiders.

HubSpot 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.

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