MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,307 Shares of HubSpot, Inc. $HUBS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 1,307 shares of HubSpot, Inc., reducing its stake by 4.5% in the first quarter, now owning 27,584 shares valued at approximately $15.76 million.
• Wall Street analysts have given HubSpot a consensus rating of "Moderate Buy" with a consensus price target set at $722.93, indicating expected growth potential despite recent price adjustments by various firms.
• HubSpot's stock price showed a significant increase of $7.72 recently, bringing its trading value to $496.90, while the company's last reported quarterly earnings exceeded analyst expectations with a revenue growth of 19.4% year-over-year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in HubSpot, Inc. (NYSE:HUBS - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,584 shares of the software maker's stock after selling 1,307 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of HubSpot worth $15,760,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in HubSpot during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its holdings in HubSpot by 130.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after purchasing an additional 34 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in HubSpot during the 1st quarter valued at $35,000. Clean Yield Group acquired a new stake in HubSpot during the 1st quarter valued at $41,000. Finally, GW&K Investment Management LLC lifted its holdings in HubSpot by 203.8% during the 1st quarter. GW&K Investment Management LLC now owns 79 shares of the software maker's stock valued at $45,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

In other HubSpot news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated 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 in the company, valued at $235,012,160.40. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kathryn Bueker sold 615 shares of HubSpot stock in a transaction dated 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 owned 41,086 shares in the company, valued at approximately $22,670,843.94. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,094 shares of company stock worth $26,069,239 over the last three months. Company insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS traded down $3.69 during mid-day trading on Friday, reaching $493.10. The company had a trading volume of 446,688 shares, compared to its average volume of 742,683. HubSpot, Inc. has a one year low of $418.34 and a one year high of $881.13. The firm has a market cap of $25.98 billion, a price-to-earnings ratio of -2,143.91, a PEG ratio of 16.85 and a beta of 1.58. The business's 50-day simple moving average is $499.50 and its 200 day simple moving average is $562.45.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, topping 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 last year, the business earned $1.94 earnings per share. HubSpot's revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HUBS. Macquarie cut their price target on HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Wells Fargo & Company raised their price target on HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Sanford C. Bernstein upgraded HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price objective on the stock in a research report on Wednesday, September 3rd. Raymond James Financial lowered their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group lowered their price objective on HubSpot from $765.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus target price of $722.93.

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.