Kodai Capital Management LP Boosts Stake in HubSpot, Inc. $HUBS

Key Points

• Kodai Capital Management LP increased its stake in HubSpot, Inc. by 18.8%, now owning 46,950 shares valued at $26.82 million.
• Institutional ownership of HubSpot is high at 90.39%, with several other investors significantly increasing their stakes in the 1st quarter.
• HubSpot reported a 19.4% year-over-year revenue increase in its latest financial results, surpassing analyst expectations with earnings of $2.19 EPS.

Kodai Capital Management LP raised its position in HubSpot, Inc. (NYSE:HUBS - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,950 shares of the software maker's stock after buying an additional 7,415 shares during the period. Kodai Capital Management LP owned 0.09% of HubSpot worth $26,822,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in HubSpot by 481.5% in the 1st quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of HubSpot by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock worth $16,427,000 after purchasing an additional 1,276 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of HubSpot by 1,840.0% in the 1st quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock worth $55,000 after purchasing an additional 92 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of HubSpot in the 1st quarter worth approximately $235,000. Finally, Amalgamated Bank raised its holdings in shares of HubSpot by 6.9% in the 1st quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock worth $1,991,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity

In other news, CEO Yamini Rangan sold 2,383 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were 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 $35,269,313.22. The trade was a 3.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $551.79, for a total transaction of $339,350.85. Following the transaction, the chief financial officer owned 41,086 shares of the company's stock, valued at $22,670,843.94. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,498 shares of company stock worth $14,752,256 in the last three months. Corporate insiders own 4.00% of the company's stock.

HubSpot Trading Up 1.5%

HubSpot stock opened at $476.43 on Friday. The firm has a 50 day simple moving average of $512.28 and a 200 day simple moving average of $582.68. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of -2,071.41, a P/E/G ratio of 16.17 and a beta of 1.66. HubSpot, Inc. has a 1-year low of $418.34 and a 1-year high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The firm had revenue of $760.87 million during 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 business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. On average, equities research analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented 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. JPMorgan Chase & Co. lowered their price target on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. 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. Cantor Fitzgerald started coverage on shares of HubSpot in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $775.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $659.00 to $752.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, HubSpot has an average rating of "Moderate Buy" and a consensus target price of $726.04.

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.

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