HubSpot, Inc. $HUBS Holdings Trimmed by Korea Investment CORP

Key Points

• Korea Investment CORP reduced its stake in HubSpot, Inc. by 13.2%, now holding 42,553 shares valued at approximately $24.3 million after selling 6,458 shares in the first quarter.
• CEO Yamini Rangan and Director Brian Halligan sold significant shares of HubSpot, with Rangan selling 2,383 shares for over $1.31 million and Halligan selling 8,500 shares for roughly $4.62 million.
• HubSpot recently reported earnings of $2.19 per share, exceeding expectations with revenues up 19.4% year-over-year, while analysts anticipate a consensus price target of $726.04.

Korea Investment CORP reduced its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 13.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,553 shares of the software maker's stock after selling 6,458 shares during the period. Korea Investment CORP owned 0.08% of HubSpot worth $24,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBS. Massachusetts Financial Services Co. MA boosted 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. raised its holdings in shares of HubSpot by 4.0% during 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 buying an additional 201,994 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of HubSpot by 80,552.5% during the first quarter. GAMMA Investing LLC now owns 178,242 shares of the software maker's stock valued at $1,018,280,000 after buying an additional 178,021 shares during the last quarter. Nuveen LLC bought a new stake in shares of HubSpot during the first quarter valued at approximately $99,963,000. Finally, Two Sigma Investments LP raised its holdings in shares of HubSpot by 156.1% during the fourth quarter. Two Sigma Investments LP now owns 143,217 shares of the software maker's stock valued at $99,789,000 after buying an additional 87,298 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HubSpot

In other HubSpot news, Director Brian Halligan sold 8,500 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the transaction, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the transaction, the chief financial officer directly owned 41,086 shares in the company, valued at $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,498 shares of company stock valued at $14,752,256. Corporate insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $3.6060 during trading on Monday, hitting $470.6940. The company had a trading volume of 184,115 shares, compared to its average volume of 734,769. The company has a market cap of $24.80 billion, a P/E ratio of -2,045.96, a PEG ratio of 16.34 and a beta of 1.66. HubSpot, Inc. has a 52 week low of $418.34 and a 52 week high of $881.13. The business's 50-day moving average is $518.67 and its 200 day moving average is $588.76.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBS. KeyCorp cut their price target on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Morgan Stanley lifted their price target on HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Macquarie cut their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. The Goldman Sachs Group cut their price target on HubSpot from $900.00 to $795.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen raised HubSpot from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.