Vestmark Advisory Solutions Inc. Buys 649 Shares of HubSpot, Inc. $HUBS

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in HubSpot, Inc. by 95.9%, now owning 1,326 shares valued at $758,000, according to its latest filing with the SEC.
• CEO Yamini Rangan and CFO Kathryn Bueker both sold shares of HubSpot on July 2nd, with Rangan's transaction totaling approximately $1.31 million.
• Analysts have downgraded HubSpot's price targets, with Raymond James lowering it from $825.00 to $655.00, though overall analysts maintain a "Moderate Buy" consensus rating.

Vestmark Advisory Solutions Inc. lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 95.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,326 shares of the software maker's stock after purchasing an additional 649 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in HubSpot were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HUBS. Massachusetts Financial Services Co. MA increased its stake in HubSpot by 37.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after acquiring an additional 251,853 shares during the period. Vanguard Group Inc. increased its stake in HubSpot by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after acquiring an additional 201,994 shares during the period. GAMMA Investing LLC increased its stake in HubSpot by 80,552.5% in the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after acquiring an additional 178,021 shares during the period. Nuveen LLC bought a new stake in HubSpot in the first quarter valued at about $99,963,000. Finally, Two Sigma Investments LP increased its stake in HubSpot by 156.1% in the fourth quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock valued at $99,789,000 after acquiring an additional 87,298 shares during the period. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

HUBS has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Citigroup decreased their price objective on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Canaccord Genuity Group cut their price objective on shares of HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Cantor Fitzgerald initiated coverage on shares of HubSpot in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $726.04.

HubSpot Price Performance

HUBS stock traded up $20.1040 during trading hours on Friday, reaching $476.0740. The stock had a trading volume of 587,568 shares, compared to its average volume of 736,263. The stock has a market capitalization of $25.09 billion, a PE ratio of -2,070.39, a price-to-earnings-growth ratio of 15.63 and a beta of 1.66. The stock has a 50-day simple moving average of $520.24 and a 200 day simple moving average of $593.38. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted 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. The company had revenue of $760.87 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.94 EPS. On average, sell-side analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated 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 in the company, valued at $235,012,160.40. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathryn Bueker sold 615 shares of the firm'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 in the company, valued at approximately $22,670,843.94. This represents 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 worth $14,752,256 in the last quarter. 4.00% of the stock is currently owned by corporate 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.