Aberdeen Group plc Increases Stock Position in HubSpot, Inc. $HUBS

Key Points

• Aberdeen Group plc has increased its holdings in HubSpot, Inc. by 17.5%, now owning approximately 0.06% of the company, valued at around $18.3 million.
• Insider activity includes Director Brian Halligan selling 8,500 shares for over $4.6 million, while CFO Kathryn Bueker sold 615 shares valued at $339,350, indicating a decrease in their positions.
• Analyst ratings show a mixed outlook for HubSpot, with several firms lowering their price targets while maintaining a generally positive sentiment, with an average price target of $726.04.

Aberdeen Group plc increased its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,113 shares of the software maker's stock after acquiring an additional 4,791 shares during the quarter. Aberdeen Group plc owned about 0.06% of HubSpot worth $18,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Liontrust Investment Partners LLP raised its stake in HubSpot by 36.1% during the 1st quarter. Liontrust Investment Partners LLP now owns 5,321 shares of the software maker's stock worth $3,040,000 after acquiring an additional 1,412 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in HubSpot in the first quarter valued at $408,000. Oak Ridge Investments LLC increased its stake in HubSpot by 24.7% in the first quarter. Oak Ridge Investments LLC now owns 732 shares of the software maker's stock valued at $418,000 after purchasing an additional 145 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in HubSpot by 95.9% in the first quarter. Vestmark Advisory Solutions Inc. now owns 1,326 shares of the software maker's stock valued at $758,000 after purchasing an additional 649 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in HubSpot by 0.7% in the first quarter. Sit Investment Associates Inc. now owns 14,550 shares of the software maker's stock valued at $8,312,000 after purchasing an additional 100 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction 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 sale, the director owned 522,435 shares of the company's stock, valued at $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction 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 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 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

HUBS has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target 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. Cantor Fitzgerald initiated coverage on shares of HubSpot in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $775.00 price target on the stock. Raymond James Financial dropped their price target on shares of HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Truist Financial dropped their price target on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Finally, Barclays dropped their price target on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $726.04.

HubSpot Stock Up 4.0%

Shares of HUBS traded up $18.2580 on Friday, hitting $474.2280. 895,937 shares of the stock traded hands, compared to its average volume of 1,065,703. The firm has a market capitalization of $24.99 billion, a P/E ratio of -2,061.86, a P/E/G ratio of 15.71 and a beta of 1.66. The stock's 50 day moving average is $518.67 and its two-hundred day moving average is $591.38. 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 data on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $739.94 million. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The company's quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

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.