IFM Investors Pty Ltd Has $5.74 Million Position in HubSpot, Inc. $HUBS

Key Points

• IFM Investors Pty Ltd increased its stake in HubSpot, Inc. by 6.0%, holding a total of 10,312 shares worth approximately $5.74 million.
• HubSpot's recent earnings report revealed $2.19 EPS, surpassing analyst estimates, and a revenue increase of 19.4% year-over-year.
• Multiple analysts have lowered their price targets for HubSpot, with the average target currently at $722.93 and an overall rating of "Moderate Buy".

IFM Investors Pty Ltd lifted its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,312 shares of the software maker's stock after purchasing an additional 583 shares during the period. IFM Investors Pty Ltd's holdings in HubSpot were worth $5,740,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in HubSpot by 481.5% in the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC raised its position in HubSpot by 15.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,059 shares of the software maker's stock valued at $2,888,000 after purchasing an additional 660 shares in the last quarter. Principal Financial Group Inc. raised its position in HubSpot by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of HubSpot by 1,840.0% in the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after acquiring an additional 92 shares during the period. Finally, Strs Ohio purchased a new position in HubSpot during the 1st quarter worth $10,569,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity

In other HubSpot news, CTO Dharmesh Shah sold 17,253 shares of HubSpot 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 completion of the sale, the chief technology officer owned 1,275,805 shares of the company's stock, valued at $638,744,531.30. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction on 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 sale, the chief financial officer directly owned 41,086 shares of the company's stock, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,094 shares of company stock valued at $25,716,404. 4.00% of the stock is currently owned by company insiders.

HubSpot Stock Performance

Shares of HUBS stock traded down $9.72 during trading hours on Tuesday, hitting $513.25. 233,775 shares of the company were exchanged, compared to its average volume of 737,451. The business's 50-day simple moving average is $493.86 and its two-hundred day simple moving average is $551.46. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of -2,231.52, a P/E/G ratio of 17.93 and a beta of 1.58.

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

Wall Street Analyst Weigh In

HUBS has been the subject of several analyst reports. Raymond James Financial decreased their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Piper Sandler began coverage on HubSpot in a research report on Thursday, September 4th. They issued an "overweight" rating and a $675.00 price objective for the company. Cantor Fitzgerald initiated coverage on HubSpot in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price objective for the company. Barclays dropped their price objective on HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Macquarie dropped their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, HubSpot presently has a consensus rating of "Moderate Buy" and a consensus target price of $722.93.

HubSpot Company 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.