MIG Capital LLC Grows Position in HubSpot, Inc. $HUBS

Key Points

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MIG Capital LLC lifted its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 147.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,181 shares of the software maker's stock after buying an additional 704 shares during the period. MIG Capital LLC's holdings in HubSpot were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUBS. Elequin Capital LP purchased a new position in shares of HubSpot in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC grew its stake 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 buying an additional 22 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in HubSpot in the 1st quarter valued at $35,000. Finally, 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 during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HUBS shares. Wells Fargo & Company raised their price objective on shares of HubSpot from $675.00 to $680.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of HubSpot from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price objective on shares of HubSpot in a report on Friday, May 9th. Truist Financial reduced their target price on shares of HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Finally, Citigroup dropped their price target on shares of 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-six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $726.04.

HubSpot Price Performance

Shares of HUBS stock traded up $18.2580 during trading hours on Friday, reaching $474.2280. 895,937 shares of the company traded hands, compared to its average volume of 1,065,703. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The company has a market cap of $24.99 billion, a P/E ratio of -2,061.86, a P/E/G ratio of 15.71 and a beta of 1.66. The firm has a 50-day moving average price of $518.67 and a 200 day moving average price of $591.38.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.07. The firm 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 business's quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. Sell-side analysts predict that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In related news, Director Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yamini Rangan sold 2,383 shares of the firm's 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 transaction, 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. In the last 90 days, insiders have sold 28,498 shares of company stock valued at $14,752,256. 4.00% of the stock is owned by company 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.