Charles Schwab Investment Management Inc. Has $128.41 Million Stock Position in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in HubSpot by 9.3%, owning approximately 224,771 shares valued at $128.4 million by the end of the quarter.
• Insider selling has occurred recently, with Director Brian Halligan selling 8,500 shares for $4.6 million, resulting in a reduced ownership stake.
• HubSpot's stock price has experienced fluctuations, with a recent trading value of $420.11 and a 52-week range between $418.34 and $881.13.

Charles Schwab Investment Management Inc. lifted its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,771 shares of the software maker's stock after buying an additional 19,168 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.43% of HubSpot worth $128,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Elequin Capital LP acquired a new position in HubSpot during the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC raised its stake in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker's stock valued at $32,000 after purchasing an additional 22 shares during the last quarter. Colonial Trust Co SC raised its stake in HubSpot by 111.1% during the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after purchasing an additional 30 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake 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. Finally, N.E.W. Advisory Services LLC acquired a new position in HubSpot during the 1st quarter valued at $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HUBS shares. Canaccord Genuity Group lowered their price target 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. Morgan Stanley boosted their price target on shares of HubSpot from $659.00 to $752.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $900.00 price target on shares of HubSpot in a report on Friday, May 9th. Citigroup lowered their price target on shares of HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Truist Financial lowered their price target on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $726.04.

HubSpot Stock Up 2.3%

NYSE:HUBS traded up $9.81 during mid-day trading on Friday, reaching $439.71. 536,580 shares of the company were exchanged, compared to its average volume of 731,226. The stock has a market cap of $23.17 billion, a PE ratio of -1,911.76, a PEG ratio of 15.08 and a beta of 1.66. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13. The company has a fifty day moving average of $534.21 and a 200 day moving average of $604.77.

HubSpot (NYSE:HUBS - Get Free Report) last issued its 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 analyst estimates of $739.94 million. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. On average, equities research analysts anticipate that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total value of $1,314,915.57. Following the sale, the chief executive officer directly owned 63,918 shares in the company, valued at $35,269,313.22. This trade represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $543.07, for a total transaction of $4,616,095.00. Following the completion of the sale, the director owned 522,435 shares in the company, valued at $283,718,775.45. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,998 shares of company stock valued at $10,928,616. 4.00% of the stock is currently owned by insiders.

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.