Liontrust Investment Partners LLP Increases Stock Position in HubSpot, Inc. (NYSE:HUBS)

Key Points

• Liontrust Investment Partners LLP increased its stake in HubSpot, Inc. by 36.1% in Q1, bringing its total holdings to $3,040,000.
• A total of 90.39% of HubSpot's stock is owned by institutional investors, indicating strong institutional interest in the company.
• HubSpot reported a revenue increase of 19.4% year-over-year and earnings per share of $2.19, surpassing analysts' expectations.

Liontrust Investment Partners LLP raised its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 36.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,321 shares of the software maker's stock after purchasing an additional 1,412 shares during the quarter. Liontrust Investment Partners LLP's holdings in HubSpot were worth $3,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in HubSpot in the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC boosted its holdings in HubSpot by 91.7% in 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 in the last quarter. Colonial Trust Co SC boosted 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 purchasing an additional 30 shares in the last quarter. Cullen Frost Bankers Inc. boosted 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 purchasing an additional 34 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in HubSpot in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. 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. BMO Capital Markets decreased their price target on HubSpot from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. KeyCorp decreased their price target on HubSpot from $860.00 to $775.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $900.00 price target on shares of HubSpot in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $726.04.

HubSpot Stock Performance

Shares of HUBS opened at $439.72 on Friday. The stock has a fifty day moving average of $530.83 and a two-hundred day moving average of $602.32. The company has a market capitalization of $23.17 billion, a PE ratio of -1,911.83, a price-to-earnings-growth ratio of 14.81 and a beta of 1.66. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $760.87 million during the quarter, compared to the consensus estimate of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%. HubSpot's revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. As a group, equities research analysts forecast that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at HubSpot

In other HubSpot news, CFO Kathryn Bueker sold 615 shares of the business's stock in a transaction on 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 transaction, the chief financial officer directly owned 41,086 shares in the company, valued at approximately $22,670,843.94. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $1,314,915.57. Following the completion of the transaction, the chief executive officer owned 63,918 shares of the company's stock, valued at $35,269,313.22. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,998 shares of company stock worth $10,928,616. 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.

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