Jones Financial Companies Lllp Buys 53,692 Shares of HubSpot, Inc. $HUBS

Key Points

• Jones Financial Companies Lllp significantly increased its shareholding in HubSpot, Inc. by 17,778.8%, acquiring a total of 53,994 shares valued at approximately $30.85 million by the end of the first quarter.
• HubSpot's stock saw a mixed performance with a current market capitalization of $25.69 billion and a 52-week trading range between $418.34 and $881.13, reflecting significant volatility.
• Several brokerages adjusted their price targets for HubSpot, with Stifel Nicolaus lowering its target from $750 to $700, while the consensus rating remains a "Moderate Buy" with a target price of $722.93.

Jones Financial Companies Lllp raised its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 17,778.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,994 shares of the software maker's stock after acquiring an additional 53,692 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.10% of HubSpot worth $30,846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in shares of HubSpot by 481.5% during 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. Principal Financial Group Inc. raised its holdings in shares of HubSpot by 4.6% in the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after buying an additional 1,276 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of HubSpot by 1,840.0% in the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after buying an additional 92 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of HubSpot in the first quarter valued at about $235,000. Finally, Amalgamated Bank raised its holdings in shares of HubSpot by 6.9% in the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after buying an additional 226 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUBS has been the topic of a number of research reports. Macquarie reduced their target price on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Barclays reduced their target price on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Canaccord Genuity Group dropped their price objective on HubSpot from $765.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on HubSpot from $675.00 to $680.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. dropped their price objective on HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $722.93.

HubSpot Trading Down 2.4%

Shares of HUBS stock traded down $12.31 on Wednesday, reaching $489.99. The company had a trading volume of 814,392 shares, compared to its average volume of 824,875. The stock has a market cap of $25.82 billion, a PE ratio of -2,130.37, a PEG ratio of 17.30 and a beta of 1.58. The company has a 50-day moving average of $500.76 and a 200-day moving average of $564.01. 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 issued its quarterly earnings data 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. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The business had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. During the same period in the previous year, the firm earned $1.94 EPS. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,383 shares of HubSpot stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total transaction of $1,314,915.57. Following the completion of the transaction, the chief executive officer directly owned 63,918 shares in the company, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Dharmesh Shah sold 17,253 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $500.66, for a total value of $8,637,886.98. Following the transaction, the chief technology officer directly owned 1,275,805 shares in the company, valued at $638,744,531.30. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,094 shares of company stock worth $26,069,239 over the last 90 days. Company insiders own 4.00% of the company's stock.

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.