Interval Partners LP Acquires 5,924 Shares of HubSpot, Inc. $HUBS

Key Points

• Interval Partners LP increased its stake in HubSpot, Inc. by 422.5% during the first quarter, owning 7,326 shares worth approximately $4.18 million at the end of that period.
• A number of other institutional investors also raised their holdings in HubSpot, with Price T Rowe Associates increasing its stake by 17% to nearly $2.81 billion in value.
• HubSpot's shares recently received mixed ratings from analysts, with Morgan Stanley raising its price target to $752, while others adjusted their targets downwards, indicating varied market expectations.

Interval Partners LP boosted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 422.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,326 shares of the software maker's stock after buying an additional 5,924 shares during the period. Interval Partners LP's holdings in HubSpot were worth $4,185,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in HubSpot in the 4th quarter worth approximately $27,000. Colonial Trust Co SC increased its holdings in HubSpot by 111.1% in the 4th quarter. Colonial Trust Co SC now owns 57 shares of the software maker's stock valued at $40,000 after buying an additional 30 shares during the period. Cullen Frost Bankers Inc. increased its holdings in HubSpot by 130.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 60 shares of the software maker's stock valued at $34,000 after buying an additional 34 shares during the period. N.E.W. Advisory Services LLC bought a new stake in HubSpot in the 1st quarter valued at $35,000. Finally, Clean Yield Group acquired a new stake in HubSpot in the 1st quarter valued at $41,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays decreased their price target on HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Sanford C. Bernstein raised HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 price target on the stock in a research note on Wednesday, September 3rd. Truist Financial decreased their price target on HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Raymond James Financial reduced their price objective on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Finally, Citigroup reduced their price objective on HubSpot from $700.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. One 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 company's stock. According to MarketBeat, HubSpot currently has an average rating of "Moderate Buy" and a consensus price target of $722.93.

HubSpot Trading Down 2.4%

HubSpot stock traded down $12.31 during mid-day trading on Wednesday, hitting $489.99. The stock had a trading volume of 814,382 shares, compared to its average volume of 745,330. The stock has a 50-day simple moving average of $501.87 and a two-hundred day simple moving average of $564.53. The stock has a market capitalization of $25.82 billion, a PE ratio of -2,130.37, a P/E/G ratio of 17.17 and a beta of 1.58. HubSpot, Inc. has a 12 month low of $418.34 and a 12 month high of $881.13.

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 business 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. Sell-side analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at HubSpot

In related news, CFO Kathryn Bueker sold 615 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $339,350.85. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,383 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,498 shares of company stock worth $14,752,256. 4.00% of the stock is owned by 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.