Mn Services Vermogensbeheer B.V. Buys 1,200 Shares of HubSpot, Inc. $HUBS

Key Points

• Mn Services Vermogensbeheer B.V. has increased its holdings in HubSpot, Inc. by 6.9% during the second quarter, now owning 18,500 shares worth approximately $10.3 million.
• Despite recent insider selling activities, where CFO Kathryn Bueker and CTO Dharmesh Shah sold a combined total of over 51,000 shares, company insiders still maintain a total ownership of 4% in HubSpot.
• HubSpot reported a revenue increase of 19.4% year-over-year, with a quarterly earnings per share (EPS) of $2.19, surpassing the consensus estimate of $2.12.

Mn Services Vermogensbeheer B.V. grew its stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 6.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,500 shares of the software maker's stock after buying an additional 1,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in HubSpot were worth $10,298,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HUBS. Vanguard Group Inc. grew its position in HubSpot by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock worth $2,997,407,000 after acquiring an additional 201,994 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in HubSpot by 17.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after purchasing an additional 714,980 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HubSpot by 37.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after purchasing an additional 251,853 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of HubSpot by 0.8% during the first quarter. Groupama Asset Managment now owns 732,578 shares of the software maker's stock worth $418,514,000 after purchasing an additional 5,779 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of HubSpot by 16.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 661,946 shares of the software maker's stock worth $378,163,000 after purchasing an additional 94,481 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at HubSpot

In other news, CTO Dharmesh Shah sold 4,747 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the completion of the sale, the chief technology officer owned 1,271,058 shares in the company, valued at $637,562,692.80. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $506.52, for a total value of $4,305,420.00. Following the completion of the transaction, the director owned 522,185 shares in the company, valued at approximately $264,497,146.20. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,094 shares of company stock worth $25,716,404. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of HubSpot from $650.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Needham & Company LLC restated a "buy" rating and issued a $900.00 price target on shares of HubSpot in a research report on Thursday, September 4th. UBS Group reiterated an "outperform" rating on shares of HubSpot in a report on Wednesday, September 3rd. Barclays reduced their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Finally, Citigroup lowered their target price on HubSpot from $700.00 to $650.00 and set a "buy" rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $722.93.

HubSpot Trading Down 1.0%

NYSE HUBS traded down $5.28 on Tuesday, hitting $517.70. 110,192 shares of the company were exchanged, compared to its average volume of 736,715. The company has a market cap of $27.28 billion, a PE ratio of -2,249.91, a PEG ratio of 17.93 and a beta of 1.58. The stock has a fifty day moving average of $493.86 and a 200-day moving average of $551.46. 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 announced its quarterly earnings data 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 firm had revenue of $760.87 million for 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current year.

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.